Banks fine-tune critiques of US capital plan to sway Fed’s Michael Barr

January 18,2024

If Wall Street delivers on its promises, the Federal Reserve will get reams of feedback on regulators’ proposed bank capital overhaul.

In comments due Tuesday, the industry is expected to formalize its critiques of a plan that would force the biggest lenders to set aside 19% more in capital, a move aimed at avoiding future bank failures and another financial crisis. The Fed, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency must take those suggestions into account before completing the rules.