监管风向转变，美联储考虑将银行资本金要求从19%降至最低3%

Core Viewpoint - The Federal Reserve has proposed a revised plan to significantly relax capital requirements for large Wall Street banks, indicating a trend of deregulation since the Trump administration [1] Group 1: Capital Requirement Adjustments - The new proposal is expected to reduce the overall capital increase for most large banks to between 3% and 7%, significantly lower than the 19% increase proposed in 2023 and the 9% from last year's compromise version [1] - Banks with substantial trading operations may see even smaller increases or potential decreases in capital requirements [1] Group 2: Market Risk Assessment Changes - Regulatory agencies are reassessing the calculation methods for market risk, which could have a significant impact on banks with large trading operations [2] - The original Biden-era proposal was criticized for potentially leading to excessive growth in market risk capital requirements, adversely affecting diversified trading business models [2] - The revised framework may allow for reduced capital allocation for wealth management services and certain credit card businesses [2] Group 3: Positive Market Signals - Although a final agreement has not been reached, regulatory agencies are reportedly aligned on the direction of the measures [3] - Large banks have shown increased confidence in returning profits to shareholders, with a 75% increase in stock buybacks in Q3, totaling over $27 billion [3]