Banks Gear Up for Battle Over Capital Rules, Swipe Fees in 2024

Federal regulators can expect a stiff fight from banks as they look to dramatically increase capital and other risk management requirements for lenders in 2024.

Much of the banking regulatory agenda for the year ahead looks like a response to the failures of Silicon Valley Bank, Signature Bank, and First Republic Bank in 2023. The Federal Reserve, Federal Deposit Insurance Corp., and Office of the Comptroller of the Currency are all looking to shore up banks’ capital and liquidity positions, and to make regional banks subject to resolution planning and long-term debt requirements.

“My theme is they’re still going ...