The ‘endgame’ is here
US banks have scored a major win with the announcement of a significant overhaul to bank capital rules, which would lower the amount of capital banks need to hold. The proposed changes aim to align US standards with the 2017 international Basel III agreement, but critics argue that the changes may make the financial system more vulnerable.
US regulators have announced a major overhaul to bank capital rules. The changes aim to align US standards with the 2017 Basel III agreement. The proposal would lower capital requirements for banks of all sizes. The largest US banks would see their capital requirements reduced by 2.4%. The changes are expected to boost lending and economic growth. However, critics argue that the changes may make the financial system more vulnerable. The comment period on the proposal ends in June.
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