Federal Reserve Governor Bauman: Plans to Slightly Reduce Capital Requirements for Large Banks Odaily Planet Daily News: Federal Reserve Vice Chairman for Regulatory Affairs Bauman said on Thursday that after revising a comprehensive banking capital rule, the capital requirements for large banks will slightly decrease, which is seen as a major victory for Wall Street banks that had previously successfully resisted the capital increase plan in early drafts. Bauman outlined the adjustments to the Basel Accord and the Global Systemically Important Banks (GSIB) Surcharge. These rules determine how much funds banks need to reserve to absorb potential losses. She stated that by "reasonably calibrating" the existing rules, the overall capital requirements of large banks will "slightly decrease". She stated that these adjustments will eliminate overlapping regulatory standards and make capital requirements more aligned with the actual risks of banks, while also acknowledging that the practice of continuously increasing banks' loss buffer capital in recent years is biased. (Golden Ten)