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In recent weeks, the battle between bankers and regulators that had been taking place behind the scenes, started to spill out into public view. The reason seems clear: for all of the lobbying they’ve done, banks have been unsuccessful (so far) in weakening the major provisions of Basel III and Dodd-Frank. To quickly refresh: Regulators want [...] Yesterday,the Basel Committee on Banking Supervision (BCBS) finalized plans to move forward with an additional capital surcharge on what they call,global systemically important banks (G-SIBs),and what others have been calling systemically important financial institutions (SIFIs). Regardless of what you call these large banks,the vote yesterday to move forward with this additional [...] | |||||
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