Banks Ready Fresh Push Against Tighter US Capital Rules (2)

Wall Street lenders and their lobbyists are descending on the Federal Reserve’s first-of-its kind banking conference Tuesday with a broad ask of the new vice chair for supervision: Steer clear of stricter capital requirements.

Senior officials from JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley are expected to use the event to detail a host of rule changes they’d like to see from regulators. Hot-button issues include the landmark risk-based plan known as Basel III endgame, the stress-testing framework and the capital surcharge for big banks.

Michelle Bowman, vice chair for supervision at the US Federal Reserve

Photographer: Graeme Sloan/Bloomberg

The conference is the brainchild of the Fed’s ...