(Reuters) -The U.S. Federal Reserve and other regulators are set to unveil sweeping changes to a raft of proposed banks capital rules as soon as Sept. 19, Bloomberg News reported on Friday, citing people familiar with the matter.
The revisions could run up to 450 pages and would include key changes to rules that center on operational risk provisions including a reduction in the capital that banks must allocate against business lines like wealth-management services and certain credit-card operations, the report added.
The new revised proposal would also reduce the market-risk requirement for the country’s biggest lenders, which would not face as stringent requirements around mortgages or tax-equity exposures, the report said.
Next Tuesday, Fed vice chair Michael Barr will preview the regulators’ revised proposal and explain the next steps at the Hutchins Center on Fiscal & Monetary Policy, Brookings said in a blog post.
Regulators…
