Regulators Proposed Capital Cuts. Big Banks Want More.
Also, CME's lawsuit against the CFTC portends larger showdown; SEC-CFTC request feedback for harmonization effort
[Note to readers: Capitol Account will be off tomorrow for the federal holiday.]
The Trump administration’s bank regulators are proposing the biggest reduction in capital requirements since the 2008 financial crisis. The largest U.S. lenders want more.
In feedback submitted today, the industry’s leading trade associations trained their sights on a Fed pla…