美联储新框架为华尔街“松绑” 大幅放宽大型银行资本金要求

Core Insights - The Federal Reserve has presented a framework for a revised plan that significantly relaxes capital requirements for large banks established during the Biden administration [1] - The estimated increase in overall capital for most large banks is projected to be between 3% and 7%, which is considerably lower than the 19% increase proposed in 2023 and the 9% increase from a previous compromise version [1] - The plan is still in its early stages but is likely to be welcomed by Wall Street banks, which had previously opposed the initial Basel III Endgame proposal [1] Group 1 - The revised framework may allow mid-sized banks to receive exemptions from new capital rules if they comply with other capital restrictions [2] - There is a general consensus among regulatory agencies regarding the overall direction of the measures, although a final agreement has not yet been reached [2] - The OCC and FDIC have been consulted on the new measures, which must be approved by these agencies [2] Group 2 - Large banks have increased their stock buyback programs by approximately 75% in the third quarter, totaling over $27 billion, reflecting increased confidence in returning profits to shareholders [3] - The proposed plan includes adjustments to the assessment of "market risk," which affects trading, wealth management, and investment banking activities [4] - The new plan may significantly impact banks with large trading operations, as the original proposal was expected to lead to substantial increases in market risk capital requirements [4]