Trade Groups Welcome Fed’s Lower Big-Bank Capital Rules
The trade group for the nation’s largest banks say the Federal Reserve’s revised “Basel III” proposal for large-bank capitalization rates is a step in the right direction.
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.
Megabank CEOs Warn New Regulations Could Harm the Economy
The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated.
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.
