May 15, 2024 (NO COMMENTS)

Republicans are pushing for reproposal, but a rapid finalisation may prove less far-reaching

US Republicans have been clear about what they want regulators to do with controversial proposed prudential rules: go back to the drawing board. But perhaps they need to be careful what they wish for. In practice, a fast track to finalising the US implementation of the Basel III banking standards may require the three federal regulators to scale back their ambitions, which would be more in line with what Republicans and bank lobbyists have been seeking. Federal Reserve Governor Michelle Bowman