US battles Basel III rules 


AFTER several regional US banks collapsed in 2023 and with the volatility in the private credit market, where US banks have reportedly loaned about US$300bil, one expects US financial services regulators to tighten the rules.

Instead, these regulators are loosening controls that were agreed to under the Basel III international capital and liquidity standards in the wake of the 2008/2009 global financial crisis.

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