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Story summary
- The Federal Reserve proposed Basel III capital-rule changes to encourage lending while preserving financial stability, reducing banks' capital requirements to 2019 levels.
- The revisions target the Basel III framework to address concerns that excessive capital demands could hinder economic growth.
- The proposals will undergo a 90-day public feedback period before finalization.
- Critics, including Senator Elizabeth Warren, argue the changes may weaken financial safeguards amid rising geopolitical risks.
