Fed’s Bullard (voting member in 2022) is on the wires saying:

• He favors a 100 basis point increase by July 1
• Would prefer 50 BPs in March but will defer to Powell
• Would favor changing rates between meeting.
• Fed balance sheet reduction may require asset sales

• ECB requires banks to hold marginally more capital in 2022
• Says SREP results show banks have solid capital and    liquidity  positions, with scores broadly stable
• Overall capital requirements and guidance increase marginally to stand at 15.1% of risk-weighed assets in 2022
• That is up from 14.9% in 2021
• But assessment of business models show that most banks are still failing to generate returns that exceed cost of capital

On the change, the ECB notes that:

“The capital space that we created for banks at the onset of the pandemic helped them to continue lending to households and businesses. Today we are providing clarity on the path back to normality. We are confirming the initially envisaged timeline for a return to normal supervision of banks’ capital adequacy and leverage.”

The full release can be found here.