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What is the 'Basel III endgame' and why are US banks worked up about it? | Hellenic Shipping News Worldwide

What is the 'Basel III endgame' and why are US banks worked up about it? | Hellenic Shipping News Worldwide
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Explainer-What is the 'Basel III endgame' and why are US banks worked up about it?

WASHINGTON (Reuters) -The U.S. Federal Reserve said last month it will make significant changes to a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" in a win for Wall Street banks that have waged an unprecedented campaign to water down the rule. Banks say additional capital is unnecessary and will hurt the economy, and have aggressively lobbied against the project. WHAT IS THE 'BASEL III' ENDGAME? ....

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