U.S. regulators have released plans to relax capital requirements for the country’s largest banks, a move that could unlock billions in lending.
Wall Street’s biggest lenders could face lighter capital requirements under proposals released by the Federal Reserve and other U.S. regulators on March 19, a rollback of post-2008 banking rules.
The plan, backed by the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, would “streamline capital requirements and better align regulatory capital with risk while maintaining the safety and soundness of the banking system,” the Fed said in a statement….