This view is also corroborated by today's GDP report, which continued to show positive growth in household consumption. Furthermore, although having moderated over recent quarters, growth in fixed investment showed some recovery in Q4 and is also expected to contribute positively going into 2023.
The A-IRB banks under Basel II that specialize in such activities - for example, processing securities and payments and acting as custodians - will experience increases in their regulatory capital requirements on those activities. Every day these entities transfer very large amounts of federal funds, act as custodians for massive quantities of securities, and dominate payments and securities transfer systems.