PBOC SETS MIDPOINT FOR USD/CNY AT 6.8975, UP 66 PIPS

THE SWISS NATIONAL BANK IS LEAVING THE SNB POLICY RATE UNCHANGED AT 0%

FED VICE CHAIR FOR SUPERVISION MICHELLE BOWMAN SAYS PROPOSALS MODERNIZE BANK CAPITAL REQUIREMENTS, ADDRESSES ‘OVERLY CALIBRATED’ RULES NEW PROPOSALS WOULD REQUIRE LARGER REGIONAL BANKS TO ACCOUNT FOR UNREALIZED LOSSES, WOULD BOOST CAPITAL REQUIREMENTS BY 3.1% BANKS BELOW $100 BILLION WOULD SEE CAPITAL REDUCTION OF 7.8% UNDER PROPOSALS US FEDERAL RESERVE SAYS TOTALITY OF CAPITAL CHANGES UNDER CONSIDERATION WOULD REDUCE LARGEST BANK CAPITAL BY 4.8% REGULATORS TO PROPOSE NEW STANDARDIZED APPROACH FOR SMALLER BANKS, BANKS BETWEEN $250 BLN AND $100 BLN IN ASSETS WOULD SEE CAPITAL FALL BY 5.2%