Bowman’s predecessor, governor Michael Barr, objected to the plan, which he said would weaken the eSLR and reduce bank-level capital by US$210bil for the US global systemically important banks.

The Federal Reserve has kicked off one of the largest reductions of US bank capital requirements since the 2008 financial crisis by proposing to allow higher leverage at the biggest American banks.

The Fed’s announcement confirmed proposed changes to the rule first reported by Bloomberg News last week. Bowman’s predecessor, governor Michael Barr, objected to the plan, which he said would weaken ...

Fed governors Michael Barr and Adriana Kugler both objected to the Fed’s proposal, pointing specifically to the risks caused by reducing capital requirements for bank subsidiaries.

The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasuries and act as intermediaries in the $29 trillion market.

The Federal Reserve unveiled a proposal on Wednesday that would overhaul how much capital large global banks must hold against relatively low-risk assets, as part of a bid to boost participation in U.

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate.

Fed unveils long-anticipated plan to overhaul bank leverage rules Proposal would tweak leverage capital formula, saving banks billions Fed's Powell supports plan, Governors Barr, Kugler to oppose ...

The Federal Reserve unveiled plans to roll back an important capital rule that big banks have said limits their ability to hold more Treasurys and act as intermediaries in the $29 trillion market.