Federal banking regulators are scheduled to meet this week to consider proposed rules to reform bank capital rules.
Details: The FDIC board of directors and Federal Reserve Board are slated to hold open meetings at 10 a.m. (Eastern time) Thursday to discuss:
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A proposed capital rule for large banks and institutions with significant trading activity, with optional adoption for other banking organizations.
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A proposed capital rule focused on regulatory capital and a standardized approach for risk-weighted assets.
Basel III Endgame: Federal Reserve Vice Chair for Supervision Michelle Bowman last week said the proposed rules would implement the final phase of the Basel III Endgame capital standards—including eliminating overlapping requirements, right-sizing calibrations to match actual risk, and addressing long-standing gaps in the prudential framework.
ICBA Advocacy: ICBA and other groups last month urged banking regulators to include changes that would support the housing finance market and encourage more bank participation in the mortgage origination and servicing business.