Capital rule back on the agenda in the US

plan to increase capital buffers at Wall Street banks is back on the agenda. The Fed and other top U.S. regulators are moving forward with plans to make big banks hold more capital, despite calls from some experts to scrap it altogether. According to people familiar with the matter who spoke to Bloomberg, some officials are pushing for the plan, which includes a capital rule, to go into effect as soon as August. Rather than creating a new plan, officials want to do so by revising the plan released in July. Under the plan released in July, the largest U.S. banks were required to increase the capital they must hold against losses by 19 percent. Banks with assets between $100 billion and $250 billion would have to increase their capital by 5 percent. Fed Chair Powell has indicated in recent months that the plan needs to be significantly and broadly revised. Powell said at a press conference following the Fed’s decision that a decision on the process had not yet been made.