Fed finalizes post-crisis rule easing for domestic, foreign banks

Beacon Financial

10/10/2019 18:40

WASHINGTON, Oct 10 (Reuters) - The U.S. Federal Reserve on
Thursday unveiled a final package of rules easing capital and
liquidity requirements for domestic U.S. and foreign banks that
were originally introduced following the 2007-2009 global
financial crisis.
    The changes, which should reduce the compliance burden and
free up funds for U.S. Bancorp  USB.N , Capital One  COF.N , PNC
Financial  PNC.N , among others, mark another win for the
industry after the Fed also relaxed rules on derivatives trades
and banks' annual health checks. The Fed on Thursday said the
changes, which it first proposed in October last year, aim to
more closely tailor regulations to the riskiness of firms'
businesses. 

 (Reporting by Pete Schroeder; editing by Michelle Price)
 ((Pete.Schroeder@thomsonreuters.com; 202-310-5485;))