Powell Waves White Flag on Basel III

A sweeping bank regulatory proposal will be significantly revised by year’s end, Federal Reserve Chair Jerome Powell said Thursday, a potential victory for the large banks that have aggressively opposed the likely changes.

Dodd-Frank Provision Provides Relief from Basel III

The recently passed Dodd-Frank relief package will put banks with less than $10 billion in assets under a much simpler capital framework, giving these smaller institutions reprieve from a global regulatory system that many argue was never intended for them.