{"id":40030,"date":"2018-11-01T14:39:02","date_gmt":"2018-11-01T19:39:02","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40030"},"modified":"2018-11-01T14:39:02","modified_gmt":"2018-11-01T19:39:02","slug":"just-in-time-stimulus-fed-proposes-looser-rules-for-large-u-s-banks","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40030","title":{"rendered":"Just in Time Stimulus: Fed Proposes Looser Rules for Large U.S. Banks"},"content":{"rendered":"
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Just in Time Stimulus: Fed Proposes Looser Rules for Large U.S. Banks<\/a><\/h3>\n<\/div>\n
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The Fed’s proposal marks one of the most significant rollbacks of bank regulations since Trump took office.<\/section>\n<\/div>\n<\/header>\n
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The Wall Street Journal reports Fed Proposes Looser Rules for Large U.S. Banks<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The Federal Reserve announced one of the most significant rollbacks of bank rules since President Trump took office with a proposal for looser capital and liquidity requirements for large U.S. lenders.<\/p>\n

The changes would affect large U.S. lenders including U.S. Bancorp , Capital One Financial Corp. , and more than a dozen others. The largest U.S. banks, including JPMorgan Chase & Co., wouldn\u2019t see any significant rule changes, and some in the industry thought the proposal didn\u2019t go far enough.<\/p>\n

The draft proposal, approved by a 3-1 vote at a Wednesday meeting of the Fed\u2019s governing board, would divide big banks into four categories based on their size and other risk factors. Regional lenders would be either entirely released from certain capital and liquidity requirements, or see those requirements reduced. They could also, in some cases, be subject to less frequent stress tests.<\/p>\n

The proposals received a mixed reaction from banks. While some trade groups praised it, Greg Baer\u2014president of the Bank Policy Institute, which represents large banks\u2014said the proposal \u201cdoes not do enough to tailor regulations.\u201d He said, for instance, the plan doesn\u2019t include changes to the Fed\u2019s primary stress tests for big banks or to rules affecting foreign-owned banks with U.S. footprints. Fed officials said they were planning future proposal in those areas.<\/p>\n

The plan divided the Fed, with Trump-appointed regulators and the Fed\u2019s lone Obama-appointed official taking opposite sides. Fed Chairman Jerome Powell said the proposal would cut the regulatory burden \u201cwhile maintaining the most stringent requirements for firms that pose the greatest risks.\u201d<\/p><\/blockquote>\n<\/div>\n

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\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

Just in Time Stimulus: Fed Proposes Looser Rules for Large U.S. Banks The Fed’s proposal marks one of the most significant rollbacks of bank regulations since Trump took office. The Wall Street Journal reports Fed Proposes Looser Rules for Large U.S. Banks The Federal Reserve announced one of the most significant rollbacks of bank rules […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,303,1234,827,835,3650,861],"class_list":["post-40030","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-fed","tag-stimulus","tag-united-states","tag-us-banks","tag-us-federal-reserve","tag-wall-street-journal"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40030"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40030\/revisions"}],"predecessor-version":[{"id":40033,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40030\/revisions\/40033"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}