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HomeBusinessUS regulators expected to significantly reduce Basel capital burden  | Reuters News...
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US regulators expected to significantly reduce Basel capital burden  | Reuters News Agency

News Times HD
By News Times HD


Business & Finance

06 March 2024, 1:04 pm 1 minute

Reuters exclusively reported that U.S. regulators are expected to significantly reduce the extra capital banks must hold under a proposed rule that has drawn aggressive pushback from Wall Street.

Market Impact

Bank regulators led by the Federal Reserve in July unveiled the “Basel III” proposal to overhaul how banks with more than $100 billion in assets calculate the cash they must set aside to absorb potential losses.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: Americas

Countries: United States

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story



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