Bank capital requirements will now increase by 9% instead of the previously planned 19%, aiming to strike a better balance between benefits and costs.
Barr emphasized that the revisions will bring "two important objectives into better balance," acknowledging the need for a practical approach amid Wall Street pressures.
The initial, more stringent proposals were influenced by recent banking crises but have been softened to avoid excessive burdens on midsize banks.
Barr stated, "When we were thinking about the various trade-offs and the calibration, how conservative to be - we were quite conservative."
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