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US bank regulators to unveil capital rule rewrite
Gulf Today
|March 20, 2026
US President Donald Trump's bank regulators are set to formally unveil softened new draft capital rules on Thursday, in a potential victory for Wall Street banks that could unleash billions of dollars for lending, share buybacks and dividends.
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The “Basel” and related capital proposals are expected to modestly reduce the amount of money big banks must set aside for potential losses, Federal Reserve regulatory chief Michelle Bowman said last week, a stunning turnaround for an industry that had faced double-digit hikes under the original 2023 draft.
This story is from the March 20, 2026 edition of Gulf Today.
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