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Basel Endgame

All articles tagged with #basel endgame

business23 days ago•2 min saved

Basel Endgame relaxed: U.S. banks to hold less capital and free funds

U.S. regulators proposed softened Basel Endgame capital requirements, cutting overall capital at large banks by about 4.8%, by about 5.2% for larger regional banks, and 7.8% for banks under $100 billion in assets, freeing billions for lending, dividends, and buybacks. The Fed, FDIC, and OCC will review and solicit feedback on the Basel draft, amid industry lobbying to ease rules; critics warn the changes may weaken safeguards as risks rise. Analysts estimate roughly $175 billion in excess capital could be repurposed.

via CNBC|

#banking-regulation #basel-endgame #business

finance2 years ago•0 min saved

"Unintended Consequences: Big US Banks Seek Rewrite of Capital Rules to Ease Impact on Small Businesses and Borrowers"

The article discusses the potential unintended consequences of the Basel endgame, highlighting concerns about the impact on global banking regulations and financial stability. It explores how the finalization of Basel III rules could affect the global economy and the banking sector, raising questions about potential risks and challenges that may arise as a result.

via Financial Times|

#banking-regulations #basel-endgame #finance

financeeconomics2 years ago•2 min saved

"Big Banks Consider Legal Action Against Fed Over Capital Regulations"

Big banks are considering legal action against the Federal Reserve over proposed rules known as Basel Endgame, which would require them to hold about 20% more capital, potentially impacting profits and lending. Critics argue that the proposed requirements may not be properly calibrated and could push lending into less regulated sectors. The proposal has faced opposition within the government, and Fed Chair Jerome Powell has hinted at potential reworking, but time is limited as the Fed generally avoids announcing overhauls on the eve of a presidential election.

via Semafor|

#banking-regulations #basel-endgame #capital-requirements

finance2 years ago•2 min saved

Bank CEOs Sound Alarm on Proposed Rules, Warn of Looming Recession

Wall Street bank executives, including those from JPMorgan Chase, Citigroup, and Goldman Sachs, have warned Congress that proposed regulations by the Biden administration could harm the US economy. The executives urged policymakers to consider the impact of the rules, but were criticized by the Senate banking committee chairman for their lobbying efforts. The executives argued against more onerous regulations, such as the Basel Endgame proposal, which they claim would hurt lending and bank balance sheets. They called for thoughtful regulation that supports the American banking system. This comes as the banking industry faces challenges due to high interest rates and inflation, with several banks experiencing financial difficulties this year.

via The Guardian|

#banking-industry #basel-endgame #finance