After the turmoil in regional banks, here comes new regulation
The biggest banks could see, on average, a 20% rise in their capital requirements,The proposals are expected as soon as this month and will vary based on the bank's businesses, according to the Journal. Banks with large trading businesses – like JPMorgan Chase or Goldman Sachs – are likely to be hit with the sharpest increases.
according to the Federal Reserve. After the financial crisis of 2007-2008, regulators worldwide sought to bolster banks' capital requirements. Critics say that boosting capital will further restrict credit at a time when higher interest rates are already making borrowing more expensive and difficult to obtain. And the recent turmoil in the US regional banks only underscored the current strength of the mega banks, suggesting that the focus on increasing capital at the biggest institutions was misplaced.
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