The U.S. Will Propose New Bank Capital Rule Changes

Bloomberg Reports Proposed Changes May Come This Month

The U.S. is preparing to propose new bank capital rules as early as this month, according to a Bloomberg report. The changes would reportedly ease some of the post-2008 crisis regulations on banks, allowing them to hold less capital.

The Changes Would Ease Some Post-2008 Crisis Regulations

The proposed changes would reportedly ease some of the post-2008 crisis regulations on banks. These regulations were put in place to prevent a repeat of the financial crisis, which was caused in part by banks taking on too much risk.

The changes would reportedly allow banks to hold less capital, which would free up money that could be used for lending or other purposes. Banks have been lobbying for changes to the capital rules, arguing that they are too burdensome and make it difficult to lend.

The Changes Are Likely to Face Opposition

The proposed changes are likely to face opposition from some lawmakers and consumer advocates, who argue that they would weaken the financial system and make another crisis more likely. Supporters of the changes argue that they would make banks more competitive and boost economic growth.

It is unclear what the chances are that the proposed changes will be adopted. The Trump administration has been supportive of deregulation, but it is unclear whether it will be able to overcome opposition from Democrats and some Republicans.