Federal Reserve Floats Weaker Version of Planned Bank-Capital Overhaul
Katanga Johnson

• Agencies debate changes that would push capital hike far lower
  
  
• Plan’s effects on banks’ trading businesses being considered

The Federal Reserve has shown other US regulators a three-page document of possible changes to their bank-capital overhaul that would significantly lighten the load on Wall Street lenders, according to people familiar with the matter. 

The revisions would walk back key parts of the landmark proposal — including one that might have had a large effect on big banks with sizable trading businesses,said the people, who asked not to be identified discussing details that aren’t public.

 

Katanga Johnson is a bilingual (Spanish & English) reporter at Bloomberg News in Washington, where he writes about how Wall Street regulates Wall Street banks.

A graduate of Northwestern University's Medill School of Journalism, Katanga previously covered U.S. financial regulation out of the Securities and Exchange Commission and the Consumer Financial Protection Bureau (CFPB) at Reuters News Agency.

He also served as a communications facilitator with Operation Mobilization in the Andean Region of Latin America, highlighting the needs of indigenous communities plagued with poverty, empowering victims of human trafficking and offering hope to youth living with HIV/AIDS.

A curious thinker, avid reader and an engaged community-service volunteer, The Bahamian native gears his work toward helping others make sense of the world around them.

 

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