Republican and Democratic senators are questioning Basel III capital rules for banks, saying a proposal for implementation is overly complex. At a Senate hearing this week, lawmakers questioned federal banking regulators about the rules. Regulators said they were unsure when they might be able to finalize regulations. SIFMA and other market participants have been warning that the proposed rules will hurt the financial markets. Read SIFMA's statement on regulators' extension of the Basel III effective date.
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