Fed Unveils Plans to Ease Capital Rules for Big Banks

Mike, what are we learning. Well, this is the latest iteration of a long effort to try to align US bank regulations with the rest of the world. It's generally sort of known as the Basel three proposals.In essence, they simplify the rules. The calculations for capital retention account for risks differently and have different standards, in some cases for smaller banks, for the biggest banks on Wall Street. Category one and Category two.They've been required to use two risk models in the past to calculate the ...