"A lot of bankers are dancing in the street," JPMorgan CEO Jamie Dimon said at a conference days after the election, reflecting optimism about potential regulatory changes.
Citi CEO Jane Fraser told CNBC: "I would expect a lighter version of the Basel III proposal, which signals a pullback from the more stringent capital requirements initially envisioned."
Rep. Patrick McHenry noted, "If they do move forward with implementing the Basel Committee's recommendations, I'm confident it will be based on sound, objective analysis..."
The proposed increase in capital requirements for banks is currently at 9%, much lighter than the 19% originally proposed during the Biden administration, indicating lobbying success.
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