Republican senator slams bank capital rules

US president Donald Trump is no fan of Basel III, Perdue claims

David Perdue
David Perdue: "we are hammering our own ability to fund growth"
PA Images

A Republican senator has assailed the Federal Reserve’s implementation of the Basel III capital rules as “extremely dangerous” and an impediment to economic growth in the US.

“I believe we are chasing Basel III, and it’s extremely dangerous,” said David Perdue, the junior senator from Georgia. “The rest of the world is not doing that. What we are doing is hammering our own ability to fund growth.”

Perdue also claimed US president Donald Trump shared his concerns:  “I believe this is a crisis t

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: