US Basel III delay to 2026 seen as almost inevitable
Reprioritisation and leadership changes cast doubts on timing of new proposals
Former regulators doubt the three US prudential agencies will be able to release fresh proposals implementing internationally agreed bank capital reforms this year.
“It’s going to take them a good amount of time to even do the negotiating with the other agencies about what the package itself looks like,” says Graham Steele, former assistant secretary for financial institutions at the US Treasury
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