Big Banks Could Be Getting Very Good News From Regulators. Here's What You Need to Know.
USBU.S. Bancorp(USB) The Motley Fool·2024-09-18 22:15

Michael Barr, vice chair of supervision at the Fed, plans to re-propose new capital rules for Basel Endgame.After three large regional banks collapsed last year, the industry braced itself for blowback, not only from the public but from a regulatory perspective as well. Since the Great Recession happened roughly 16 years ago, banks have been waiting for the final phase of capital rules.This framework, referred to as Basel III Endgame (BE3), would stipulate a wide set of requirements for the largest banks. T ...