Elizabeth Warren Urges Fed Chair Powell to Finalize Basel III Capital Rules
Senator Warren demands a vote on proposed 16% capital increase, accusing Powell of yielding to bank lobbyists
- Warren's letter criticizes Powell for allegedly weakening Basel III rules after meetings with bank CEOs.
- The Basel III endgame proposal aims to increase capital requirements for large banks to prevent financial crises.
- Warren insists on a Federal Reserve Board vote by June 30 to finalize the proposed 16% capital increase.
- Banking industry leaders argue that the proposed rules are too aggressive and could limit lending.
- Analysts warn that delaying the vote could jeopardize the implementation of the rules before the upcoming election.
American Banker 
CNBC 
