Basel III under fire from lawmakers and bankers

11/30/2012 | Reuters · Wall Street Journal, The

A variety of financial industry executives, regulators and lawmakers are raising concerns about the Basel III rules and how they might affect the industry as well as the broader economy. Some lawmakers and state regulators are urging federal authorities to reconsider the proposed rules. "The one-size-fits-all approach to regulatory capital in the proposed rules does not take into consideration the diversity of our nation's financial system and the unique challenges faced by different-sized institutions," said Rep. Shelley Moore Capito, R-W.Va.

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Reuters · Wall Street Journal, The

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