Bankers vs the Fed: ‘Endgame’

Behind the Money

Topher Forhecz

Markets, Investing, News, Banking, Finance, Business, Business News, Crypto

4.4 • 350 Ratings

🗓️ 19 June 2024

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Banks in the US are locked in a bitter fight with regulators. It’s all about a proposed set of rules with an unusual name, Basel III Endgame. Regulators say the rules will help avoid future banking crises. Banks say they’re overkill and could hurt everyday Americans. The FT’s US banking editor Joshua Franklin explains how the industry is pushing back.

Clips from Bloomberg, CNBC

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For further reading:

The US pushback against ‘Basel Endgame’

The bank argument on the Basel III endgame is bunk

EU to delay Basel bank trading reforms as US revisits plans

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On X, follow Joshua Franklin (@FTJFranklin) and Michela Tindera (@mtindera07), or follow Michela on LinkedIn for updates about the show and more.

Read a transcript of this episode on FT.com

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Transcript

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0:00.0	Am I missing anything? Is this the right decision?
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0:29.6	Over the past year, banks in the United States have been locked in an epic fight against regulators.
0:38.0	They're battling over a set of proposed rules that are known as
0:43.2	Basel three endgame.
0:44.6	Basel three, Basel three endgame.
0:47.7	It sounds like it's some strange Swiss spin-off of like
0:50.8	Avengers end game or something like that.
0:53.0	And I think it's basically like the most exciting title
0:55.9	that banking regulations have ever been given.
0:59.1	That's CFT's US banking editor,
	...

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