Policy Win for Big Banks: Regulatory Relief on Loss Buffers Ahead Big banks in the U.S. have successfully lobbied for a change to a contentious regulation that mandated them to maintain larger financial reserves as a safeguard against potential future losses. This week, Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg announced their expectation to amend this rule, following extensive pressure not just from the banking sector, but also from community groups, Republican and Democratic lawmakers alike. The move signifies a significant policy shift influenced by a broad coalition of stakeholders, highlighting the power of financial institutions in shaping regulatory frameworks. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Tops $2,300 — Silver Reaches $27 READ MORE Invesco Strategist Predicts Multiple Reductions in 2024 READ MORE Fed's Key Inflation Rate Aligns with Expectations, Boosting S&P 500 READ MORE Baby Boomers' $76 Trillion Savings Shield US from Recession READ MORE Housing Costs Fuel Jump in Core US Inflation READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment