US banks are hopeful for significant benefits in the upcoming Trump administration, specifically in terms of capital and acquisition regulations being relaxed.

November 8, 2024, 11:03 AM GMT+9 (excerpt)

Under the upcoming Trump administration of the Republican Party, regulatory capital requirements and merger approvals are expected to be relaxed, benefiting the banking industry, as indicated by industry experts and analysts.
Due to former President Trump's victory in the presidential election, the final implementation rules for the international banking capital regulations "Basel III", which include capital surcharges for banks to prepare for major bank failures, are likely to be further diluted.
The banking sector has argued against Basel III, claiming that it could restrict lending and worsen the economy, and has successfully secured significant concessions. However, according to officials at the Federal Reserve Board (FRB), the final proposal is expected to raise the capital requirements for the largest banks to around 9%.
Former top banking regulator and current Chief Executive Officer (CEO) of Ludwig Advisers, Gene Ludwig, who advises financial institutions, suggests that the final Basel regulations could be completely watered down.