Relatos da mídia: Os grupos empresariais do Bank of America e de Wall Street processaram coletivamente o Federal Reserve porque, no dia 23, o Federal Reserve anunciou em um comunicado que estava tentando fazer alterações nos testes de estresse bancário e buscaria comentários públicos sobre os chamados " mudanças significativas." Aumentar a transparência nos testes de estresse bancário.
O grupo empresarial de Wall Street é o Bank of America Policy Institute, que inclui grandes bancos como JPMorgan Chase, Bank of America, Goldman Sachs, Morgan Stanley, Citibank e Wells Fargo.
Eles disseram que a prática do Fed de determinar os requisitos para os grandes bancos funcionarem sob hipotética turbulência económica e de alocar capital em conformidade era inconsistente com os procedimentos administrativos adequados.
The core of this lawsuit lies in the fact that the banking industry believes the Federal Reserve did not adequately solicit public and industry opinions when formulating the models and scenarios for stress tests.
In 2023, the two sides had already clashed fiercely once, resulting in a compromise by the Federal Reserve, which backed down in the first quarter of this year. The reason was that at that time, the Federal Reserve proposed the implementation of the final version of new capital rules (Basel III), which led Wall Street to quickly band together and vehemently protest against the Federal Reserve, even threatening to file a lawsuit.
And now this counterattack also marks a substantial escalation of Wall Street institutions' resistance against the Federal Reserve’s regulation of the banking industry. Just before Donald Trump is about to take office as President of the United States, this whole situation may not be a coincidence in timing.
Trump's core policies during his campaign included: tax cuts, deregulation, interest rate cuts, and increased investment. There have been reports that Trump's advisors sought to reduce or eliminate banking regulatory agencies, and investors also expect that under Trump’s administration, the regulatory scrutiny of the banking industry will be relaxed.
Of course, this lawsuit is not an accidental event; it is a concentrated outbreak of the long-standing dissatisfaction of the American banking industry with the existing regulatory framework. Since the financial crisis, financial regulation in the United States has become increasingly strict. While this has reduced systemic risk to some extent, it has also imposed enormous compliance costs and operational pressures on the banking industry.
Let’s see who wins and loses this time; how things will develop in the future, we will wait and see together.$BTC