Letters Call for Withdrawal of Basel III Endgame Proposal, Highlight Impact on Derivatives End Users
January 23, 2024
January 23, 2024
WASHINGTON, Jan. 23 -- Sen. Kevin Cramer, R-North Dakota, issued the following news release:
WASHINGTON - In response to the financial crisis from 2007 to 2009, Basel III Endgame was created to set the standards for capital reserves, liquidity, and leverage at financial institutions. As proposed, the increased capital requirements in Basel III Endgame will restrict billions of dollars in capital from financial institutions and hinder access to credit for consumers.
This . . .
WASHINGTON - In response to the financial crisis from 2007 to 2009, Basel III Endgame was created to set the standards for capital reserves, liquidity, and leverage at financial institutions. As proposed, the increased capital requirements in Basel III Endgame will restrict billions of dollars in capital from financial institutions and hinder access to credit for consumers.
This . . .