Finance
US Regulators Discuss Finalizing Bank Capital Rules as Soon as August
- Officials won’t scrap draft plan and start over as some wanted
- Move may reduce impact of November elections on effort
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The Federal Reserve and other top US regulators are forging ahead with their landmark plan to make big banks hold more capital despite calls from some critics to scrap it.
Key officials have decided to adjust the original proposal rather than starting over, and some of them are pushing to finalize it as soon as August, according to people familiar with the matter, who asked not to be identified discussing the internal deliberations. Tossing out the plan released last July would have almost certainly delayed finalization until after the November US elections.