All articles tagged with #banking rules
The Trump administration is actively working to reshape the Federal Reserve through regulatory reforms, leadership changes, and workforce reductions, aiming to influence the central bank's policies and structure even before the current Chair Jerome Powell's term ends in 2026.
Federal Reserve Chair Jay Powell surprised Wall Street by indicating a potential retreat on proposed banking rules that would require larger banks to increase their capital reserves. The rules, known as the "Basel III Endgame," have faced opposition from bank CEOs, industry lobbyists, and lawmakers who fear the impact on lending and potential financial crises. Powell's comments suggest that the proposed rules may be scaled back or reworked, signaling a significant shift in bank regulation.
European regulators have distanced themselves from the Swiss decision to write down $17bn of Credit Suisse's bonds, saying they would write down shareholders' investments first. The Swiss decision has led some Credit Suisse AT1 bondholders to consider legal action, and it sparked uncertainty for bondholders around the world. Switzerland is not part of the European Union and so does not fall under the region's banking regulation. The recent banking turmoil started in the US with the fall of Silvergate Capital, a bank focused on cryptocurrency.