Fed’s Bowman says regulators to unveil Basel capital rule redo by early 2026

By Pete Schroeder

WASHINGTON (Reuters) -The Federal Reserve’s top regulatory official said Thursday that bank agencies are poised to unveil a more industry-friendly version of contentious capital rules known as “Basel III Endgame” by the end of 2025 or early 2026.

Fed Vice Chair for Supervision Michelle Bowman said the central bank is actively working with colleagues at the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency on a re-proposal of that rule, which would implement global standards on how banks should measure their risk and assign capital accordingly.

Under the Biden administration, the Fed and other regulators attempted to advance a version of the rule that would have significantly increased capital requirements at large banks. But that effor