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But we saved everything 🙂.
U.S. Federal Reserve Governor Miki Bowman says new capital regulations set to be proposed next week will lead to a decrease in the amount of capital required at the biggest banks.
Andrew Ackerman notes this marks a reversal from previous years, when Basel III rules alone were expected to increase capital levels by about 20 percent.
The anticipated shift in capital regulations reflects a broader pattern of regulatory adaptation within U.S. financial markets. Similar realignments have impacted other sectors, including the notable movements in after-hours trading observed when Netflix surged past 11 percent, outpacing Paramount Skydance's performance. Parallel regulatory developments, such as the Kansas City Fed's decision to grant Kraken a master account with initial restrictions, further underscore the ongoing recalibration of oversight across the industry.