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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Read a transcript of this episode on FT.com
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