The news: After US President-elect Donald Trump returns to the White House in January 2025, banks can expect some major shifts in financial regulators’ agendas.
Here’s what banks should prepare for:
Capital requirements remain in question: Bank lobbyists scored a major victory by getting the new capital requirements slashed in half from 19% to 9%. The proposal was supposed to be finalized after the next board meeting of the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC).