Free Trial

Regulators Eyeing Bank Capital Rule Finalization As Soon As August - Bloomberg

US
  • Bloomberg reports that the Fed and other top US regulators are moving ahead with the plan to make big banks hold more capital, potentially as soon as August.
  • “Key officials have decided to adjust the original proposal rather than starting over, and some of them are pushing to finalize it as soon as August, according to people familiar with the matter, who asked not to be identified discussing the internal deliberations.”
  • “Tossing out the plan released last July would have almost certainly delayed finalization until after the November US elections.”
  • Full story here.
91 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Bloomberg reports that the Fed and other top US regulators are moving ahead with the plan to make big banks hold more capital, potentially as soon as August.
  • “Key officials have decided to adjust the original proposal rather than starting over, and some of them are pushing to finalize it as soon as August, according to people familiar with the matter, who asked not to be identified discussing the internal deliberations.”
  • “Tossing out the plan released last July would have almost certainly delayed finalization until after the November US elections.”
  • Full story here.