New Rules Spur a Humbling Overhaul of Wall St. Banks
But industry executives and regulators alike agree that the broad reshaping of the industry has been driven primarily by the efforts of the Federal Reserve and other regulators to strengthen the amount of capital held by big banks, measures that banks have had less success in lobbying against.
.. In the last few months, the Fed has indicated that it will also require bigger, more interconnected banks to achieve higher capital levels than smaller ones.