OCC Eyes Lighter Capital Requirements

Acting Comptroller of the Currency Rodney Hood confirmed that the Trump administration is working on plans to revise capital requirements for banks, aiming to ease what he described as excessive regulations that could contain credit. Speaking at the U.S. Chamber of Commerce’s Capital Markets Forum on Tuesday, Hood signaled a deregulatory shift focused on loosening constraints in any new rules while preserving financial stability. “Regulations must be effective, not excessive,” he said. “As we continue interagency deliberations, I will remain committed to a capital framework that supports resilience but does not constrain growth.” He pointed to a recent meeting of the Basel Committee on Banking Supervision in Switzerland, stating there was general “consensus from the international community” that the U.S. capital proposal released under the Biden administration had gone too far.