The US Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance are developing plans that may be released in “coming months”, Politico reported, citing people who asked not to be identified because the plans aren’t yet public.
The regulators declined to comment to the publication on the proposal.
US Treasury Secretary Scott Bessent said this month on Bloomberg Television that US regulators this summer may ease a rule that’s served as a constraint on banks’ trading in the US$29 trillion Treasuries market.
He noted that the Fed, the OCC and the FDIC are addressing the issue.
