Online reported that the Federal Reserve held a one-day meeting at its headquarters on Tuesday to continue its efforts to comprehensively revise banking rules. At the meeting, regulators, bankers, industry lawyers and other experts discussed a series of stricter banking rules implemented after the 2008 financial crisis and how to improve them. The result could save billions of dollars in capital costs for large banks, which they argue will allow the industry to engage in more lending and other activities, but skeptics warn it could reduce banks 'resilience to future shocks. "We need to ensure that all the different parts of the capital framework work effectively together. Doing so will help maintain a safe, sound and efficient banking system that benefits the people we serve,"Federal Reserve Chairman Powell said in his opening remarks.