On September 13, 2024, S&P Global Market Intelligence quoted Max Bonici on the Fed’s reaction to the revamped set of rules in the recent Basel III endgame proposal. According to the article, the updated series of proposals is likely to be more digestible for many in the banking industry.
S&P Global Market Intelligence noted that some practitioners saw the changes as a positive sign that the Fed is taking industry concerns seriously. “It's clear the Fed doesn't want a protracted fight on this — there was no appetite for that,” Bonici explained. “There seems to be a bit of reconciliation ... in their approach here.”
Other experts agree, asserting that the Fed was, “responsive to a lot of the industry and political and other pushback they received, which is a good thing.”
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