US regulators anticipated to considerably scale back Basel capital burden
Enterprise & Finance
06 March 2024, 1:04 pm 1 minute
Reuters solely reported that U.S. regulators are anticipated to considerably scale back the additional capital banks should maintain beneath a proposed rule that has drawn aggressive pushback from Wall Road.
Market Influence
Financial institution regulators led by the Federal Reserve in July unveiled the “Basel III” proposal to overtake how banks with greater than $100 billion in belongings calculate the money they have to put aside to soak up potential losses.
Article Tags
Matters of Curiosity: Enterprise & Finance
Kind: Reuters Greatest
Sectors: Enterprise & Finance
Areas: Americas
Nations: United States
Win Varieties: Exclusivity
Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Influence: Vital Nationwide Story
