Fed’s Quarles Casts Doubt on Permanent Capital Relief for Big Banks

American Banker, Oct. 14, 2020–Hannah Lang (subscription)
Regulators in the spring temporarily eased a key benchmark of balance-sheet strength to allow institutions to help customers navigate the pandemic, but Federal Reserve Vice Chairman Randal Quarles said it would be “premature” right now to suspend it for good.
https://www.americanbanker.com/news/feds-quarles-casts-doubt-on-permanent-capital-relief-for-big-banks