Wall street urges US regulators to further ease Basel capital rules, FT reports
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FILE PHOTO: The Wall street sign hangs outside the New York Stock Exchange (NYSE) building on Tuesday following Monday?s broad sell off in New York City, U.S., March 11, 2025. REUTERS/Shannon Stapleton/File Photo
June 18 (Reuters) - Wall Street groups are warning US regulators that their plans to implement "Basel Endgame" global bank capital requirements will affect liquidity in Treasury markets, urging them to rework proposals to manage risk, the Financial Times reported on Thursday.
Three of the world’s top financial trade bodies have written a letter to the U.S. Federal Reserve, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, urging them to change their proposals, the FT report said, citing a copy of the letter.
(Reporting by Anusha Shah in Bengaluru)
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