TechFlow news, October 22 — According to Jinshi Data, sources revealed that the Federal Reserve has submitted an outline of a revised proposal to other U.S. regulatory agencies. The proposal would significantly ease capital requirements for large Wall Street banks introduced during the Biden administration. Sources indicated that, according to official estimates, under the Fed's new plan, most large banks would see overall capital increases ranging from approximately 3% to 7%. Although the outline does not provide specific forecast data, this estimated range is notably lower than the 19% increase proposed in the original 2023 plan and also below the 9% increase suggested in last year's compromise proposal. Some sources said banks with larger trading investment portfolios might face even smaller capital increases, or could potentially see reductions.
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