Capital Rules, Mergers and Short-Selling: After a Week of Bank Hearings, Potential Policy Responses Emerge

Also, Warren asks FDIC and OCC pointed questions about JPMorgan-First Republic deal; tough sledding for a bipartisan deal on stablecoins

In three days of hearings on the recent bank failures, we saw the bashing of management, the heaping of blame on supervisors and the usual bickering by lawmakers over the causes of the turmoil. But clear signs of the likely policy responses also emerged — as well as a better picture of the issues that regulators and the industry will be fighting about i…