Fed proposes lighter regulations for large banks
Lael Brainard objects to plans, warning they could leave taxpayers “on the hook”
The board of the Federal Reserve has proposed reducing the regulatory burden on big banks in a new framework unveiled on October 31.
While the plans have the backing of chair Jerome Powell and vice-chair Randal Quarles, governor Lael Brainard has issued her own statement questioning the wisdom of weakening post-crisis regulations.
Under the proposals, banks with more than $100 billion in assets stand to benefit from reduced requirements. But global systemically important banks would not see
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