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It’s a major turning point in the banking sector’s war on Basel III endgame, with a potential final product that will be easier for the sector to deal with.

Fed pitches ‘major’ changes on Basel III

Federal Reserve Vice Chair for Supervision Michael Barr introduced a much-anticipated revamp of the Biden administration’s approach to capital reform this morning.

It’s a major turning point in the banking sector’s war on Basel III endgame, with a potential final product that will be easier for the sector to deal with. But big bank capital requirements will still be increased if this proposal is finalized.

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