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 Why Britain Is Still Paying the Price for Gordon Brown’s Gold Bullion Blunder READ MORE How One Man’s Wealth Upended Markets from Africa to Asia READ MORE Bullion Bulls Eye $3,000 as Fed Signals Policy Shift READ MORE What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Tech Stocks Lead $1 Trillion Wipeout Amid Global Market Meltdown READ MORE Add a Comment Cancel replyYour email address will not be published.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