Fed could change capital rules for bigger banks – vice-chair Quarles
Deregulatory act had already softened regulations for banks with below $100 billion, up from $50 billion
The Federal Reserve has now prioritised modifying the regulatory framework for larger banks with assets of between $100 billion and $250 billion, according to the Fed’s vice-chair of supervision, Randal Quarles.
On October 2, Quarles appeared before the US Senate Banking Committee to analyse how the Fed is implementing the Economic Growth, Regulatory Relief and Consumer Protection Act. This legislation softens some of the aspects of the regulatory framework implemented after the financial
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