[…] As we noted here, higher capital requirements may have a negative ripple effect on banks — but lost business might ultimately be captured by FinTechs. Executives of traditional financial institutions (FIs) have stated during their most recent earnings seasons’ conference calls with analysts that the impact could be significant. By way of example, JPMorgan Chief Financial Officer Jeremy Barnum said higher capital requirements could lead to the “possibility of a repricing of products and services, which, of course, goes back to our point that these capital increases do have impacts on the real economy … a little bit of a straight-up across-the-board tax on everything.” […]