How Bank Regulators' Capital Plan Could Hurt Hedge Funds

Also, Waters tells finance firms not to back away from diversity pledges after SCOTUS affirmative action ruling; Fed outlines plans to boost oversight of non-banks and crypto

Capital specialists and industry lawyers digging through last month’s 1,100-page proposal from the Fed and other banking agencies are discovering that it may have some surprising knock-on effects. One that has especially caught their attention: dictates that could cause banks to curtail the short-term financing they provide to hedge funds, private equit…