Fed plans to relax leverage ratio requirements for large banks

Planet Daily News: The Federal Reserve disclosed plans to relax key bank capital system regulations. Documents show that the Fed proposed reforms to ease enhanced supplementary leverage ratio requirements for large banks. Fed Chair Powell stated that given the significant increase in relatively safe assets on bank balance sheets, reconsidering related rules is prudent. The statement indicates that Fed Board members Barr and Kugler oppose the proposed reforms. Fed Board member Bowman, however, said that the adjustment measures will enhance the resilience of the U.S. Treasury market and reduce market distortions.