Fed proposes lightening regulations for large banks

US Federal Reserve building

The board of the Federal Reserve proposes to reduce the regulatory burden on big banks in a new framework unveiled on October 31.

While the plans have the backing of chair Jerome Powell and vice-chair Randal Quarles, governor Lael Brainard issued her own statement questioning the wisdom of weakening post-crisis regulations.

Under the proposals, banks with over $100 billion in assets stand to benefit from reduced requirements. But global systemically important banks would not see any changes to

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