What Is the Basel III Endgame, and Why Are Banks So Upset About It?

Federal regulators are proposing an increase in capital requirements for large banks. The plan has faced criticism from unlikely groups that are not normally aligned with the industry. The move aims to strengthen the financial stability of these banks. However, opponents argue that the increased capital requirements could have negative implications for lending and economic growth. The proposal is expected to spark further debate and examination of the potential impact on the banking sector.