Capital Requirements: US Regulators to Ease Basel Burden, Banks Seek Allies, Small Businesses at Risk
New York, NY – US regulators are preparing to make significant changes to the Basel capital burden, expected to have a broad impact on the financial industry. This move comes after Federal Reserve Chairman Jerome Powell announced expectations for “broad, material” alterations to the Basel proposal. Banks are finding allies in the clean energy sector as they rally against stricter capital rules, forging new partnerships to navigate the evolving regulatory landscape. The Federal Reserve is …