Federal Reserve Vote On Final Basel III Rules Have Bankers On Edge

The U.S. Federal Reserve is set to vote Tuesday on a final package of long-awaited Basel III capital rules for banks to use more equity capital to fund their business. The capital accord is meant to strengthen regulation, supervision and risk management in the banking system to reduce the repeat of the 2008 credit crisis. However, smaller lenders have lobbied for exemptions as they didn’t cause markets to seize. Over 100 Countries Already Comply With Basel III Rules Banks across 100 countries, including the U.S., are already complying with Basel III’s risk-based capital rules. These rules assign weighting to assets…