In this report, FedFin assesses the just-concluded Basel Committee meeting results. While global regulators reached anticipated final agreement on certain major aspects of the capital and liquidity standards, we are told that the meeting was unusually contentious. Even aspects of the Basel III capital rules remain in some doubt since, despite stating they are final, the BCBS agreed to demands from EU banks and will assess the overall impact of the new regulatory standards on trade finance. So far, the leverage rule remains as proposed, although EU banks are also fighting this hard in implementing regulations.
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