Wall Street Urges U.S. Regulators to Further Weaken Basel Accord Capital Rules on June 18

According to Financial Times, on June 18, Wall Street banks pressed U.S. regulators to further relax proposed Basel Accord capital requirements, citing risks to the $29 trillion U.S. Treasury market liquidity. Eight major American banks estimated the latest proposal would increase capital requirements for their Treasury trading business by 30% to 89%, prompting renewed lobbying efforts despite regulators already significantly diluting the original framework.
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