US politicians plot national impact study for Basel III

Capitol Hill in Washington DC

Politicians in the US are stepping up their push for a national study of Basel III's impact, with congressional sources indicating a bill could be launched in the Senate. That would slow implementation of the rules in the US, mirroring developments that saw Basel II grind to a halt. Demands for a quantitative impact study (QIS) were first voiced in October last year when senator Richard Shelby, the then-ranking Republican member of the Senate Committee on Banking, Housing and Urban Affairs, w