Large banks set for capital boost through Fed’s AOCI opt-out
Unrealised losses on certain assets will not longer filter in CET1 capital for non-systemic lenders
Capital One, PNC and US Bancorp will be free to reduce required capital by billions of dollars after being exempted from rules that forced them to include unrealised losses in their regulatory calculations.
The Federal Reserve passed reforms to bank capital and liquidity rules on October 10, easing certain requirements for banks with assets below $700 billion. One of the changes allows Category III
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