US Banks ke liye Naya Rule: Capital Buffer kam hone wala hai!
Breaking news hai doston! US ke top bank regulators ek naya plan bana rahe hain. Is plan ke hisab se, jo bade-bade lenders hain, unke liye capital buffer ko 1.5 percentage points tak kam kiya jayega. Basically, yeh ek tarah ka rule hai jisse banks ko $29 trillion ke Treasuries market mein trading karne mein aasani hogi. Simple bhasha mein bolen toh, banks ab zyada flexible tareeke se paise invest kar payenge.
Kaun Kaun se Banks Shamil Hain?
Is naye rule se JPMorgan Chase & Co., Goldman Sachs Group Inc. aur Morgan Stanley jaise bade banks ko fayda hoga. Federal Reserve, Federal Deposit Insurance Corp. aur Office of the Comptroller of the Currency milkar is plan par kaam kar rahe hain.
Kya Badlav Hone Wala Hai?
Jo proposal hai, uske hisab se bank holding company ka capital requirement eSLR ke under 3.5% se 4.5% tak ho sakta hai, jo ki abhi 5% hai. Firms ki banking subsidiaries ka requirement bhi shayad same range mein aa jaye, jo abhi 6% hai.
Yeh Pehle Bhi Hua Tha?
Aisa hi kuch 2018 mein bhi hua tha, jab President Donald Trump ke regulators ne eSLR calculation ko “tailor” karne ki koshish ki thi. Experts keh rahe hain ki is proposal ki language abhi bhi change ho sakti hai. Lekin, yeh zaroor hai ki is baar overall ratio ko change karne par focus kiya ja raha hai, assets ko exclude karne ke bajaye.
Fed ka Kya Kehna Hai?
Fed ne kaha hai ki woh 25 June ko is plan par discuss karne ke liye meet karenge. Fed Chair Jerome Powell aur baaki officials ne supplementary leverage ratio standards mein revisions ko support kiya hai, taki banks market mein intermediaries ka role acche se nibha sakein. Powell ne February mein House Financial Services Committee ko bataya tha ki woh Treasury market mein liquidity levels ko lekar thode chintit hain.
Industry ka Kya Kehna Hai?
Industry ka kehna hai ki yeh rule banks ko Treasuries mein invest karne se rokta hai, kyunki unhe risky assets ki tarah treat kiya jata hai. Covid crisis ke dauran SLR ko suspend kar diya gaya tha, lekin baad mein ise fir se shuru kar diya gaya.
Experts ki Raay
Michelle Bowman, Fed ki vice chair for supervision, ne kaha ki leverage ratios risk-based capital requirements ke liye ek “backstop” ki tarah kaam karte hain. Treasury Secretary Scott Bessent ka kehna hai ki rule mein tweaking se Treasury yields mein bhi kami aa sakti hai.
Lekin, University of Michigan ke Jeremy Kress ka kehna hai ki leverage ratio ko kam karne se banks zyada Treasuries kharidenge ya nahi, yeh kehna mushkil hai. Graham Steele, ek aur Fed alumnus, ka kehna hai ki Treasury market issues ko solve karne ke liye aur bhi targeted solutions hain.
Finally, dekha jaye toh yeh naya rule US banks aur economy ke liye ek bada move ho sakta hai. Ab dekhna yeh hai ki iska kya asar hota hai!
