By Jon Hill (October 10, 2019, 8:54 PM EDT) -- The Federal Reserve on Thursday finalized a revamped framework of capital, liquidity and stress-testing standards for large U.S. and foreign banks, completing a major effort to "tailor" post-crisis financial rules in the wake of last year's banking regulatory relief bill.
By a 4-1 vote, the Fed's Board of Governors approved a finished slate of changes to its prudential requirements for banks with more than $100 billion in total assets, an overhaul that has been more than a year in the making and stands to relax regulatory burdens for big U.S. regionals and some large foreign banks with U.S. presences.
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