Miner Company
The Fed Shrinks Bank Capital Requirements, And Embraces Markets
For a well-run bank any capital requirement is way too high, while for a poorly run bank no capital requirement is high enough. So, while the Trump administration and the Federal Reserve didn't repeal bank capital requirements altogether last week, the Fed's vote to reduce capital requirements 2.4% for the largest banks is a step in the right, market-oriented direction.
For a well-run bank any capital requirement is way too high, while for a poorly run bank no capital requirement is high enough. So, while the Trump administration and the Federal Reserve didn't repeal bank capital requirements altogether last week, the Fed's vote to reduce capital requirements 2.4% for the largest banks is a step in the right, market-oriented direction.