U.S. bank regulators are poised to resume easing Wall Street rules after spending the past few months carrying out emergency actions to help the economy weather the coronavirus pandemic
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Wall Street Relief Tops Regulator’s Agenda After Virus Response
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Their first steps will include the resumption of work on plans to dial back lenders’ margin requirements by billions of dollars, according to Brian Brooks, acting head of the Office of the Comptroller of the Currency. Some moves could be taken as soon as this month, Brooks said in an interview with Bloomberg. His agency, along with the Federal Reserve and Federal Deposit Insurance Corp., is also on the verge of finishing an overhaul of Volcker Rule curbs on banks’ involvement in certain investment funds.
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