Trump 2.0: what's next for financial regulation and Basel endgame
With his decisive win, President-Elect Trump has the potential to influence a broad spectrum of policy areas, from the economy to various regulatory rules and directives. As expectations grow for significant regulatory changes, his administration is set to advance a pro-business agenda that prioritises reduced oversight and altered compliance requirements. Key areas of focus include Basel III regulations and broader deregulatory policies that could reshape the landscape for US financial institutions. Presidential elections, particularly when a new political party takes charge of The Oval Office, can result in changes in significant changes in policy and regulation that financial institutions must adapt to.
Basel III revisions on the horizon
The Basel III Endgame, a regulatory framework aimed at strengthening the stability of financial institutions by requiring higher capital reserves, has long been a point of contention for US banks. Critics argue that these requirements could restrict lending and investment, while stifling economic growth. Trump’s administration is likely to revisit these rules, aiming to soften their impact on the financial sector.
Rather than implementing the framework as proposed, Trump’s team may push for modifications or delays, potentially reducing the burden on financial institutions. By loosening capital requirements, the administration hopes to create an environment conducive to economic growth.
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Basel Endgame: Shaping Financial Regulation in the Trump 2.0 Era
Date & Time: 11 December 2024 | 11:30 am EST | 4:30PM GMT
Duration: 45 minutes
Join us for an exclusive webinar on Basel Endgame: Shaping Financial Regulation in the Trump 2.0 Era