2023 brought the most contentious proposed regulation in years: a revamp that would require the U.S.’s biggest banks to hold roughly 19% more capital than they do now.
Lawmakers and trade groups opposed to the rule first attacked it on the grounds that it contained “paltry” impact analysis — especially in light of its 1,087-page heft. The agencies responsible for it — the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency — extended the comment deadline on the proposal.
