In case you need a laugh:
U.S. Banks Say Regulators Should Rewrite Basel III Capital Rules - Bloomberg
U.S. banks are protesting capital
rules proposed by regulators to comply with international
standards and have asked that rules for assessing risk in their
assets be replaced with something easier to follow.
As written, the plans could “hinder credit availability,
dampen economic growth and harm the competitiveness of the U.S.
banking system,” according to a letter sent by financial
industry groups to the Federal Reserve, Office of the
Comptroller of the Currency and the Federal Deposit Insurance
Corp. -- the agencies that put out so-called Basel III proposals
for a public-comment period ending yesterday.
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