September 2023

REGULATORY DEVELOPMENTS

Basel III Endgame Proposal – Update

On September 12 various banking and financial services trade associations (including the American Banker Association, SIFMA, and Bank Policy Institute) submitted a letter to the banking regulators requesting that the regulatory capital rule be re-proposed in conjunction with expanded information on the underlying data and assumptions used by the regulators in drafting the proposals. The comment letter also requested an extension to the comment period.

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