The news: The future of the updated capital requirements proposal is growing murkier as delays and opposition mount.
How we got here: Bank lobbies scored a major victory by getting the new capital requirements slashed in half from 19% to 9%, according to the Federal Reserve Vice Chair for Supervision Michael Barr.
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). But in the FDIC’s latest board meeting, these requirements didn’t come up, per Banking Dive.