Endgame Approaches: Bowman Unveils Basel Plan

Also, SEC investor panel adopts tokenization recommendations, debates disclosure reform; CFTC gets moving on event contract rule; Senate passes housing bill with investor ban

Michelle Bowman sketched out a sweeping rewrite of capital rules today, and the bottom line is lower requirements for banks large and small. The details – and specific numbers – will have to wait until a Fed board meeting next week, but the vice chair for supervision foreshadowed less punitive treatment of mortgages, business loans, credit cards and tra…