US Banks May Need to Increase Capital Requirements by 20% - Reports
TL;DR Summary
US regulators are preparing to propose changes that could raise capital requirements for large banks by an average of 20%, in an effort to boost the financial system's resilience after a spate of midsize bank failures this year. The Federal Reserve is expected to unveil its plan to ratchet up capital rules for banks this summer and ensure supervisors more aggressively police lenders following the bank failures. The precise amount of capital requirements will depend on the bank's business, with US megabanks with big trading businesses expected to face the largest increases.
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