You are here: Home » Reuters » News
Business Standard

U.S. Federal Reserve proposes new capital rules for Wall Street

Reuters  |  WASHINGTON 

WASHINGTON (Reuters) - The Federal Reserve on Tuesday proposed new rules that could allow some large banks to reduce the amount of capital they must hold as a cushion against a future economic shock.The proposal may clear the way for some large banks to reduce their capital levels in the future but the largest firms on Wall Street are not likely to get such relief, the Fed said.The proposal is expected to reduce bank paperwork and also make it easier for regulators to monitor the health of banks, said Randal Quarles who is the top Fed official in charge of regulations."Our regulatory measures ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, April 11 2018. 01:15 IST
RECOMMENDED FOR YOU