Proposal by US regulatory authorities to relax some capital requirements for Wall Street banks According to a report by Golden Finance, US regulatory agencies are planning to propose a package of new capital requirements aimed at encouraging some Wall Street banks and their mid sized competitors to expand their credit lending. Insiders say that officials from the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Commissioner of the Currency (OCC) will release proposals as early as next week, which will include three key capital related measures. One of the plans is a revised version of the Basel III capital proposal by Bank of America. Federal Reserve Vice Chairman for Regulatory Affairs Michelle Bauman stated last month that the revised version will be released by the end of March. According to informed sources, another measure will allow medium-sized banks to adopt standardized methods when calculating capital levels, in response to concerns from smaller institutions that adopting the more complex methods used by Wall Street banks will result in higher computational costs.