Now What?

As detailed in our reports earlier this week on Powell’s appearance before Senate Banking and HFSC, much was said about the pending rewrite of big-bank capital standards.  As we’ve noted, this matters a lot to the comparative advantage of GSEs, nonbank mortgage players, and banks large and small.  As a result, we here go in depth on what Powell said – and mostly didn’t – about what’s next on these critical standards.

GSE-030923.pdf