1 year ago
Bank Regulators to Unveil Revised Basel III Endgame by 2026
Bank regulators are changing the rules about how much money banks need to have to protect themselves.
These rules are called 'Basel III Endgame'.
The old plan made banks have a lot more money, but the banks complained.
Now, the regulators are making a new plan that they hope will be easier for the banks.
The goal is to make the rules fair and make sure banks are safe without making things too difficult.
A top regulator said they are making changes and hope to have the new plan ready by the end of 2025 or early 2026.
Bank regulators will unveil a revised version of the Basel III Endgame by the end of 2025 or early 2026.
The revised rules aim to be more industry-friendly.
The effort involves the Federal Reserve, FDIC, and OCC.
Michelle Bowman emphasized the reconsideration of rules, not weakening.
The new rules aim for a lighter capital impact on banks.
- Who
- Bank regulators, including Michelle Bowman
- What
- Are planning to unveil a revised version of the Basel III Endgame capital rules.
- Where
- Georgetown University conference and federal banking agencies
- When
- The re-proposal is expected by the end of 2025 or early 2026.
- Why
- To address industry concerns and create rules that are effective and efficient, not to weaken them.
Original Rules
Revised Rules
Capital Requirements
Original Rules
Original rules would have increased capital requirements for large banks.
Revised Rules
Revised rules seek a lighter capital impact on banks, being responsive to industry concerns.
Key facts
- Key People
- Michelle Bowman (Fed Vice Chair), other bank regulators
- Regulation
- Basel III Endgame
- Goal
- Revise capital rules for banks
- Timeline
- Re-proposal by end of 2025/early 2026
- Focus
- Industry concerns
Quotes
Michelle Bowman
Vice Chair for Supervision at the Federal Reserve
“We have a good perspective on what’s been working and what could be improved.”
livemint.com
