"Regulators Propose Clampdown to Prevent Bank Runs and Strengthen Financial Stability"

One year after bank runs threatened the financial system, the Federal Reserve and other regulators are preparing to unveil new rules aimed at preventing future meltdowns, focusing on liquidity and a direct response to issues that became obvious during the 2023 crisis. This comes on top of proposed regulations causing tension for big banks, with the industry criticizing the already-proposed rules known as "Basel III Endgame." JPMorgan Chase's CEO, Jamie Dimon, has complained that regulators have not addressed the problems that led to the 2023 midsize bank failures and that the Basel capital proposal is targeting larger institutions not central to last spring's meltdown.