智通财经网·2025-11-25 15:53Core Viewpoint - The U.S. regulatory agencies are moving to relax bank capital requirements, which have been criticized for limiting financial institutions' ability to act as intermediaries in the U.S. Treasury market during periods of market stress, marking a significant victory for large banks on Wall Street and reflecting a return to the deregulatory policies of the Trump administration [1][2]. Group 1: Regulatory Changes - The Federal Deposit Insurance Corporation (FDIC) has voted to approve a final plan to relax the enhanced supplementary leverage ratio (eSLR), which will reduce the capital that the largest U.S. banks, including Bank of America, JPMorgan Chase, and Goldman Sachs, are required to hold relative to their total assets [1]. - The final version of the eSLR is expected to be largely consistent with the draft released in June [1]. - The relaxation of the eSLR is seen as a significant victory for the banking industry, especially in the context of new tariff measures announced by President Trump in April that caused market turbulence [1]. Group 2: Market Implications - Analysts suggest that relaxing leverage requirements may enhance the ability of large banks to absorb and distribute assets in the Treasury market, potentially helping to stabilize volatility during periods of market stress [2]. - There are concerns that the new measures could weaken the capital buffers of the banking system, posing new risks in the event of an economic downturn [2].