Wall street urges US regulators to further ease Basel capital rules, FT reports

Kitco Media
By Reuters
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Reuters
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June 18 (Reuters) - Wall Street groups are warning US ​regulators that their ‌plans to implement "Basel Endgame" global bank capital ​requirements will affect ​liquidity in Treasury markets, ⁠urging them to ​rework proposals to manage ​risk, the Financial Times reported on Thursday.

Three of ​the world’s top ​financial trade bodies have written ‌a ⁠letter to the U.S. Federal Reserve, Federal Deposit Insurance Corporation ​and ​the ⁠Office of the Comptroller of the ​Currency, urging ​them ⁠to change their proposals, the FT report ⁠said, ​citing a ​copy of the letter.

Reporting by ​Anusha Shah in Bengaluru

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