U.S. banking regulators propose easier capital rules for small banks

U.S. banking regulators proposed a rule on Wednesday aimed at easing regulations on capital requirements for smaller banks as part of a broader effort to make it easier for less complex financial institutions to operate.

The proposal would generally only apply to banks with less than $250 billion in total assets and $10 billion in foreign exposure, and would make a series of changes to how those banks must treat capital for regulatory purposes.

The Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency all backed the move to propose new rules and solicit public comment on them.

Source: Reuters

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