
-
Former pro-democracy Hong Kong lawmaker granted asylum in Australia
-
All Blacks beat Argentina 41-24 to reclaim top world rank
-
Monster birdie gives heckled MacIntyre four-stroke BMW lead
-
Coffee-lover Atmane felt the buzz from Cincinnati breakthrough
-
Coffe-lover Atmane felt the buzz from Cincinnati breakthrough
-
Monster birdie gives MacIntyre four-stroke BMW lead
-
Hurricane Erin intensifies offshore, lashes Caribbean with rain
-
Kane lauds Diaz's 'perfect start' at Bayern
-
Clashes erupt in several Serbian cities in fifth night of unrest
-
US suspends visas for Gazans after far-right influencer posts
-
Defending champ Sinner subdues Atmane to reach Cincinnati ATP final
-
Nigeria arrests leaders of terror group accused of 2022 jailbreak
-
Kane and Diaz strike as Bayern beat Stuttgart in German Super Cup
-
Australia coach Schmidt hails 'great bunch of young men'
-
Brentford splash club-record fee on Ouattara
-
Barcelona open Liga title defence strolling past nine-man Mallorca
-
Pogba watches as Monaco start Ligue 1 season with a win
-
Canada moves to halt strike as hundreds of flights grounded
-
Forest seal swoop for Ipswich's Hutchinson
-
Haaland fires Man City to opening win at Wolves
-
Brazil's Bolsonaro leaves house arrest for medical exams
-
Mikautadze gets Lyon off to winning start in Ligue 1 at Lens
-
Fires keep burning in western Spain as army is deployed
-
Captain Wilson scores twice as Australia stun South Africa
-
Thompson eclipses Lyles and Hodgkinson makes stellar comeback
-
Spurs get Frank off to flier, Sunderland win on Premier League return
-
Europeans try to stay on the board after Ukraine summit
-
Richarlison stars as Spurs boss Frank seals first win
-
Hurricane Erin intensifies to 'catastrophic' category 5 storm in Caribbean
-
Thompson beats Lyles in first 100m head-to-head since Paris Olympics
-
Brazil's Bolsonaro leaves house arrest for court-approved medical exams
-
Hodgkinson in sparkling track return one year after Olympic 800m gold
-
Air Canada grounds hundreds of flights over cabin crew strike
-
Hurricane Erin intensifies to category 4 storm as it nears Caribbean
-
Championship leader Marc Marquez wins sprint at Austrian MotoGP
-
Newcastle held by 10-man Villa after Konsa sees red
-
Semenyo says alleged racist abuse at Liverpool 'will stay with me forever'
-
In high-stakes summit, Trump, not Putin, budges
-
Pakistan rescuers recover bodies after monsoon rains kill 340
-
Hurricane Erin intensifies to category 3 storm as it nears Caribbean
-
Ukrainians see 'nothing' good from Trump-Putin meeting
-
Pakistan rescuers recover bodies after monsoon rains kill 320
-
Bob Simpson: Australian cricket captain and influential coach
-
Air Canada flight attendants strike over pay, shutting down service
-
Air Canada set to shut down over flight attendants strike
-
Majority of Americans think alcohol bad for health: poll
-
Hurricane Erin intensifies in Atlantic, eyes Caribbean
-
Louisiana sues Roblox game platform over child safety
-
Kildunne confident Women's Rugby World Cup 'heartbreak' can inspire England to glory
-
Arsenal 'digging for gold' as title bid starts at new-look Man Utd

US Fed proposes easing key banking rule
The US Federal Reserve released plans Wednesday to relax a key capital rule for major banks, a move they say can help facilitate Treasury market trading.
The Fed board voted 5-2 to propose amendments on a measure introduced after the 2008 global financial crisis, that requires banks to hold a certain amount of capital relative to their assets.
This was part of efforts to boost their stability.
The measure, called the "enhanced supplementary leverage ratio," calls for the country's biggest banks to hold an extra layer of capital.
Under the latest proposal, the capital requirement for holding companies is set to be lowered from its current five percent while banking subsidiaries will have their requirement reduced from six percent.
The plan will face a 60-day window for public comment.
The rule was initially set up as a "backstop," said Fed Chair Jerome Powell at the board's open meeting on Wednesday.
But he added that banks have increased the amount of "relatively safe and low-risk assets" on their balance sheets over the past decade or so.
"Based on this experience, it is prudent for us to reconsider our original approach," he said.
"We want to ensure that the leverage ratio does not become regularly binding and discourage banks from participating in low-risk activities, such as Treasury market intermediation," Powell said.
The Federal Deposit Insurance Corporation is also meeting Thursday about changes to the standard.
Fed vice chair for supervision Michelle Bowman said that "the proposal will help to build resilience in US Treasury markets."
She argued that it reduces the chance of "market dysfunction and the need for the Federal Reserve to intervene in a future stress event."
But Fed governors Michael Barr and Adriana Kugler expressed reservations about the plan.
Barr warned that the proposal significantly reduces bank capital, raising risks surrounding a major bank's failure.
Kugler, meanwhile, expressed doubt that benefits involving the Treasury market justified proposed reductions in capital requirements, "especially in light of the potential for elevated financial stability risk."
American Bankers Association president Rob Nichols called the proposal a key step towards boosting the financial system and "reducing bank funding costs."
"We urge regulators to move as quickly as possible to finalize these much-needed reforms," he added.
U.Maertens--VB