The market turmoil has sparked banks like JPMorgan Chase and Bank of America to try for further easing of certain regulations; according to the Washington Post the Bank Policy Institute urged the Federal Reserve to lower capital requirements and alleviate stress tests; eliminating the regulations would help the banks better handle the increased turmoil in the markets; banking experts called the move opportunistic; Jeremy Kress, an assistant law professor at the University of Michigan School of Business, said, “the whole idea of capital requirements and stress-testing banks is to make sure they have enough cushion to absorb losses.”; the Federal Reserve cut rates by 50 basis points in a bid to help ease market concerns, though markets reacted negatively to the Fed’s action. Business Insider
