Latest news with #bankregulation
Bloomberg
10 hours ago
- Business
- Bloomberg
US Plans to Ease Capital Rule Limiting Banks' Treasury Trades
The top US bank regulators plan to reduce a key capital buffer by up to 1.5 percentage points for the biggest lenders after concerns that it constrained their trading in the $29 trillion Treasuries market. The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency are focusing on what's known as the enhanced supplementary leverage ratio, according to people briefed on the discussions. This rule applies to the largest US banks, including JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley.
Bloomberg
23-05-2025
- Business
- Bloomberg
Bessent Sees Easing Capital Rule on US Treasuries This Summer
Treasury Secretary Scott Bessent said that US regulators may lift a rule that's served as a constraint on banks' trading in the $29 trillion Treasuries market this summer. 'We are very close to moving' on the so-called supplementary leverage ratio, Bessent said on Bloomberg Television's Wall Street Week with David Westin. The three main bank regulators — the Federal Reserve, Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — are addressing the issue, and 'I think we could see something on that over the summer,' he said.
