Basel III Has Arrived

July 29, 2013

Practical Law company logoFinalized in 2010, the international accord known as Basel III, which subjects banks to stricter and higher capital requirements and recalibrates how those ratios are calculated, is finally being implemented in the US. (The EU has also introduced legislation this summer finalizing implementation in Europe.)

When the US federal banking agencies introduced proposed rules last summer, the banking industry objected vociferously to the new requirements, many of which they argued went beyond what Basel III actually required. It took the regulators a year to go through the more than 2,700 industry comment letters and publish a final rule.

Although the final rule is in many ways similar to the 2012 proposed rule, there are some crucial changes, many of which are intended to address the widespread concern that Basel III would kill the businesses of smaller, regional US banks.
If you are interested in learning more about Basel III and its effects, register to attend this live webinar offered by Practical Law Company on July 31, 2013 from 1:00-2:30 PM EST.  Register for free here