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Federal Reserve Vice Chair for Supervision Michelle Bowman has urged major Wall Street banks to support proposed capital rule changes, emphasizing that the plans would reduce overall industry requirements and should not be undermined by demands for institution-specific concessions. Despite the proposals being seen as broadly favorable to banks, some executives continue to push for further easing, raising concerns among regulators about delays to one of the most significant post-crisis regulatory overhauls. Bowman is aiming to finalize the reforms by year-end, balancing industry input with the need for consensus among regulators and avoiding prolonged disputes that could stall implementation.
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