TechFlow News, March 19: According to JINSHI Data, the U.S. Federal Reserve’s proposal released on Thursday would ease capital requirements for large financial institutions on Wall Street, potentially freeing up billions of dollars for lending, stock buybacks, and dividend payments. Michelle Bowman, Vice Chair for Supervision at the Federal Reserve, stated in a press release: “These changes will strengthen our overall capital framework, which will remain robust under the new regulatory framework.” The proposal will undergo a 90-day public comment period before finalization. It was jointly developed by officials from the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC). The Federal Reserve Board is scheduled to formally vote on the plan on Thursday. Officials described the proposal as part of a broader effort toward capital standard harmonization. If finalized, along with relaxed enhanced supplementary leverage ratio (SLR) requirements and reforms to stress testing, this package would represent the largest overhaul of bank capital rules since those introduced following the 2008 global financial crisis. In a memorandum, the Federal Reserve stated that, taken together, these proposals are expected to result in a “modest reduction” in capital requirements for large banks.
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