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Banking Groups Urge Basel Proposal Changes
PYMNTS·
Five major trade groups have formally requested modifications to the federal banking agencies' proposed Basel capital rules. They argue that the current proposal, released in March, contains areas of overcapitalization and does not accurately align capital charges with associated risks. The groups advocate for revisions to eliminate these perceived imbalances and ensure the capital requirements are more risk-sensitive and appropriate for the banking industry.
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banking
fintech
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PYMNTS — pymnts.com