Fed’s vice-chair unveils watered-down capital requirements
Barr proposes reducing rise for largest banks from 19% to 9%
The Federal Reserve’s vice-chair for supervision, Michael Barr, announced revised proposals for increasing banks’ capital requirements on September 10.
He recommended a 9% increase in requirements for the largest banks. The previous recommendation in July 2023 had been 19%.
In a question-and-answer session at the Brookings Institution in Washington, Barr said he expected the package to have “broad support” from the Federal Reserve board. He added he had “spent a lot of time working with my
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