Wall Street's Influence on Basel Draft
Years of lobbying and political shifts led to reversal of post-2008 rules.
Wall Street banks push to ease rules; Michael Barr advocated capital increase plan.
Capital reductions: 4.8% for Wall Street banks, 5.2% for regional banks, 7.8% for under $100B banks.
Fed proposes GSIB surcharge tweaks.
Regulators claim changes free up billions for lending, dividends, buybacks.
Morgan Stanley estimates $100B in excess capital for large banks.
Bowman says capital remains robust; Barr plans to dissent.
Critics warn changes weaken safeguards amid rising risks.
Fed staff say reforms streamline capital framework.
4 weeks ago