Basel III Accord U.S. Finalization - Bank Policy Institute

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class="breadcrumb-item"> Home </a><span class="separator">/</span> <a href="https://bpi.com/basel-accord/" title="Basel III Accord U.S. Finalization" class="breadcrumb-item">Basel III Accord U.S. Finalization</a> </div> </section> <section class="container-1240 wysiwyg"> <p>The federal government’s Basel Endgame proposal will have real costs for everyday Americans. These capital requirements will create a drag on our economy for years to come — <strong>and will hurt working families and small businesses.</strong></p> <p></p> <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex"> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:65%"> <h2 class="wp-block-heading">What is Basel Endgame?</h2> <p>The recently unveiled proposal from the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency aims to require financial institutions to hold significantly higher capital, as much as <strong>16–19% more</strong>, depending on the size of the institution. This would limit banks’ capacity to offer things like mortgages, car loans, credit cards and small-business loans.</p> <p><strong>For many, the dream of owning a home will become more elusive,</strong> as the proposal drastically increases the capital charge for home mortgages with lower down payments, putting homeownership further out of reach for many buyers.</p> <p><strong>Small businesses will struggle</strong> because the proposal will make it harder to obtain financing, meet payroll and support their local communities.</p> <p>Regulators claim this is necessary to protect the stability of the financial system, but it will have real consequences for families and small businesses across the country.</p> </div> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:40%"><div class="break-container"> <section class="block-cta-simple" style="background-image: url('/wp-content/themes/bpi/assets/images/cta-bg-default.jpg')"> <div class="grid-container container-1100"> <div class="col-text"> <h1>The proposal will have real consequences for everyday Americans.</h1> </div> <div class="col-button"> <a href="https://stopbaselendgame.com/" title=Learn More target="_blank" > Learn More </a> </div> </div> </section> </div> </div> </div> <h2 class="wp-block-heading">How does requiring higher bank capital affect lending?</h2> <p>When capital requirements are set excessively high, it makes it much harder to secure a loan or credit — this is especially true for working families and small businesses. To learn more, please <a href="https://stopbaselendgame.com/capital-101/">click here</a>.</p> <h2 class="wp-block-heading">Will it make the economy more stable?</h2> <p>No.</p> <p>Instead of increasing stability, this will increase risk by creating market instability outside of regulators’ reach and pushing consumers to unregulated, more expensive financial services products. Private equity and hedge funds are exempt from the Basel requirements, and they will reap the benefits of diverted banking demand, driving higher consumer costs and greater market instability.</p> <p>The capital requirements set by the Federal Reserve will have a dramatic effect on the U.S. economy. <strong><a href="https://www.bis.org/bcbs/publ/wp37.pdf">Studies show</a> that every percentage point increase in capital requirements slashes about $42 billion of domestic output per year.</strong></p> <h2 class="wp-block-heading">What Should Be Done?</h2> <p>The banking agencies should engage in a robust and thorough economic analysis of the proposal’s effects. Federal agencies need to go back to the drawing board and ensure that future policy allows millions of low-income Americans and small businesses to thrive.</p> <div style="height:40px" aria-hidden="true" class="wp-block-spacer"></div> <div class="break-container"> <section class="block-cta-simple" style="background-image: url('https://bpi.com/wp-content/uploads/2023/02/Basel-Accord-Finalization-Part-3-cover.png')"> <div class="grid-container container-1100"> <div class="col-text"> <h1>Basel Finalization: The History and Implications for Capital Regulation (Part I, II and III) </h1> </div> <div class="col-button"> <a href="https://bpi.com/wp-content/uploads/2023/06/Basel-Finalization-Final.pdf" title=Download the Full Report target="_blank" > Download the Full Report </a> </div> </div> </section> </div> <div class="wp-block-group alignfull has-light-gray-color has-dark-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-light-gray-color has-text-color has-small-font-size" style="line-height:.9">NEW POST</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15">Basel Finalization: The History and Implications for Capital Regulation – Part III</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-1 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--1"><a class="wp-block-button__link has-middle-red-purple-background-color has-text-color has-background wp-element-button" href="https://bpi.com/basel-finalization-the-history-and-implications-for-capital-regulation-part-iii/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> </div></div> <div style="height:10px" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-media-text alignwide is-image-fill has-light-gray-color has-not-pastel-purple-background-color has-text-color has-background" style="grid-template-columns:34% auto"><figure class="wp-block-media-text__media" style="background-image:url(https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-1024x727.jpg);background-position:50% 50%"><a href="https://bpi.com/striking-the-basel-balance/"><img loading="lazy" decoding="async" width="1024" height="727" src="https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-1024x727.jpg" alt="basel accord cover image" class="wp-image-37583 size-full" srcset="https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-1024x727.jpg 1024w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-300x213.jpg 300w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-768x546.jpg 768w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-1536x1091.jpg 1536w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-2048x1455.jpg 2048w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-1600x1136.jpg 1600w, https://bpi.com/wp-content/uploads/2022/11/basel-accord-cover-image-600x426.jpg 600w" sizes="auto, (max-width: 1024px) 100vw, 1024px" /></a></figure><div class="wp-block-media-text__content"> <h3 class="wp-block-heading">New: Calibrating <strong>Bank Capital Requirements</strong></h3> <p class="has-light-gray-color has-text-color"><strong><em><a href="https://bpi.com/calibrating-bank-capital-requirements/">Read More >></a></em></strong></p> </div></div> <div style="height:10px" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex"> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow"> <div class="wp-block-group alignfull has-light-gray-color has-dark-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-cool-gray-color has-text-color has-small-font-size" style="line-height:.9">Basel Primer Series</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15">Basel Finalization: The History and Implications for Capital Regulation – Part II</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-2 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--2"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/basel-finalization-the-history-and-implications-for-capital-regulation-part-ii/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> </div></div> </div> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow"> <div class="wp-block-group alignfull has-light-gray-color has-not-pastel-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-cool-gray-color has-text-color has-small-font-size" style="line-height:.9">Basel Part II – One-pager</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15">Looking for a Needle in the Capital Stacks</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-3 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--3"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/looking-for-a-needle-in-the-capital-stacks/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> <div style="height:2.8em" aria-hidden="true" class="wp-block-spacer"></div> </div></div> </div> </div> <div style="height:10px" aria-hidden="true" class="wp-block-spacer"></div> <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex"> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow"> <div class="wp-block-group alignfull has-light-gray-color has-dark-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-cool-gray-color has-text-color has-small-font-size" style="line-height:.9">Basel Primer Series</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15">Basel Finalization: The History and Implications for Capital Regulation – Part I</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-4 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--4"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/basel-primer-series-introduction/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> </div></div> </div> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow"> <div class="wp-block-group alignfull has-light-gray-color has-not-pastel-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-cool-gray-color has-text-color has-small-font-size" style="line-height:.9">Basel Part I – One-Pager</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15">Striking the Basel Balance</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-5 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--5"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/striking-the-basel-balance/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> <div style="height:5.8em" aria-hidden="true" class="wp-block-spacer"></div> </div></div> </div> </div> <div style="height:10px" 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has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--6"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/basel-iii-endgame-and-the-cost-of-credit-for-american-business/" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> </div></div> </div> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow"> <div class="wp-block-group alignfull has-light-gray-color has-not-pastel-purple-background-color has-text-color has-background"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"> <p class="has-text-align-left has-cool-gray-color has-text-color has-small-font-size" style="line-height:.9">The Alternative</p> <h3 class="wp-block-heading has-text-align-left" id="schedule-a-visit" style="font-size:40px;line-height:1.15"><strong><strong><strong><strong>The European Approach</strong></strong></strong></strong> to Implementation</h3> <div class="wp-block-buttons is-horizontal is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-7 wp-block-buttons-is-layout-flex"> <div class="wp-block-button has-custom-width wp-block-button__width-50 is-style-outline is-style-outline--7"><a class="wp-block-button__link has-yellow-orange-background-color has-text-color has-background wp-element-button" href="https://bpi.com/wp-content/uploads/2022/01/Basel-III-Endgame-and-the-Cost-of-Credit-for-American-Business.pdf#page=4" style="border-radius:50px;color:#ffffff">Learn More</a></div> </div> </div></div> </div> </div> <div style="height:10px" aria-hidden="true" class="wp-block-spacer"></div> <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> <div style="height:20px" aria-hidden="true" id="analyses" class="wp-block-spacer"></div> <h2 class="wp-block-heading" id="research-and-analyses-a7a8dcd2-f171-47c1-8e96-7da3aa792409">Research and Analyses</h2> <div class="break-container"> <section class="block-posts-grid container-1240"> <section class="related-posts"> <div class="related-posts-header"> </div> <div class="related-posts-container"> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/basel-finalization/" class="main-topic">Basel Finalization</a> <a class="post-link" href="https://bpi.com/bpi-statement-on-prudential-regulator-hearing/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/press_conference-286x162.jpg" srcset="" alt="Image showing microphones for press cover"> <span class="h5">BPI Statement on Prudential Regulator Hearing</span> <time datetime="2024-11-20T08:58:27-05:00"> <span class="far fa-clock"></span> November 20, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/consumer-affairs/" class="main-topic">Consumer Affairs</a> <a 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September 11, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/basel-finalization/" class="main-topic">Basel Finalization</a> <a class="post-link" href="https://bpi.com/bpi-statement-on-gao-report/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/press_conference-286x162.jpg" srcset="" alt="Image showing microphones for press cover"> <span class="h5">BPI Statement on GAO Report</span> <time datetime="2024-07-18T16:01:26-04:00"> <span class="far fa-clock"></span> July 18, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/" class="main-topic">Bank Capital</a> <a class="post-link" href="https://bpi.com/bpi-statement-on-basel-iii-endgame-reproposal/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/press_conference-286x162.jpg" srcset="" alt="Image showing microphones for press cover"> <span class="h5">BPI Statement on Basel III Endgame Reproposal</span> <time datetime="2024-07-09T11:06:58-04:00"> <span class="far fa-clock"></span> July 9, 2024 </time> </a> </div> </div> </section> </section> </div> <div class="wp-block-columns is-layout-flex wp-container-core-columns-is-layout-5 wp-block-columns-is-layout-flex"> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:65%"> <h2 class="wp-block-heading has-text-align-left" id="comment-letters-cbcd961f-e025-4483-a20d-7ae339222e12">Comment Letters & Press</h2> <div class="break-container"> <section class="block-posts-grid container-1240"> <section class="related-posts"> <div class="related-posts-header"> </div> <div class="related-posts-container"> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/basel-finalization/" class="main-topic">Basel Finalization</a> <a class="post-link" href="https://bpi.com/basel-proposal-violates-the-law/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/iStock-866214648-286x162.jpg" srcset="" alt="Interviewing businessman or politician, press conference"> <span class="h5">Basel Proposal Violates the Law</span> <time datetime="2024-01-12T13:24:06-05:00"> <span class="far fa-clock"></span> January 12, 2024 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/liquidity/" class="main-topic">Bank Liquidity</a> <a class="post-link" href="https://bpi.com/joint-trades-request-comment-deadline-extension-on-long-term-debt-proposal/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">Joint Trades Request Comment Deadline Extension on Long-Term Debt Proposal</span> <time datetime="2023-10-06T00:50:00-04:00"> <span class="far fa-clock"></span> October 6, 2023 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/" class="main-topic">Bank Capital</a> <a class="post-link" href="https://bpi.com/bpi-and-coalition-of-trades-call-on-regulators-to-conduct-full-public-study-on-basel-proposal/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">BPI and Coalition of Trades Call on Regulators to Conduct Full, Public Study on Basel Proposal</span> <time datetime="2023-10-13T11:55:13-04:00"> <span class="far fa-clock"></span> October 13, 2023 </time> </a> </div> <div class="post-card"> <a href="https://bpi.com/category/capital-stresstesting/" class="main-topic">Bank Capital</a> <a class="post-link" href="https://bpi.com/coalition-of-financial-trades-warn-banking-agencies-materially-underestimated-basel-proposals-economic-impact/"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg" srcset="https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-286x162.jpg 286w, https://bpi.com/wp-content/uploads/2020/09/man-signing-legal-doc-730x416.jpg 730w" alt="Hand signing legal document"> <span class="h5">Coalition of Financial Trades Warn Banking Agencies Materially Underestimated Basel Proposal’s Economic Impact</span> <time datetime="2023-12-22T13:30:00-05:00"> <span class="far fa-clock"></span> December 22, 2023 </time> </a> </div> </div> </section> </section> </div> </div> <div class="wp-block-column is-layout-flow wp-block-column-is-layout-flow" style="flex-basis:35%"> <h2 class="wp-block-heading has-text-align-left" id="comment-letters-cbcd961f-e025-4483-a20d-7ae339222e12">Additional Reading</h2> <div class="break-container"> <section class="block-cta-simple" style="background-image: url('https://bpi.com/wp-content/uploads/2023/01/Basel_Series_Building_Cover_image.jpg')"> <div class="grid-container container-1100"> <div class="col-text"> <h1>What Is the Current State of Bank Capital in the U.S.?</h1> </div> <div class="col-button"> <a href="https://bpi.com/wp-content/uploads/2022/08/What-is-the-Current-State-of-Bank-Capital-in-the-U.S.pdf" title=Read target="_blank" > Read </a> </div> </div> </section> </div> <div class="break-container"> <section class="block-cta-simple" style="background-image: url('https://bpi.com/wp-content/uploads/2022/06/shutterstock_1542486260.jpg')"> <div class="grid-container container-1100"> <div class="col-text"> <h1>A Primer on Bank Capital</h1> </div> <div class="col-button"> <a href="https://bpi.com/wp-content/uploads/2021/09/A-Primer-on-Bank-Capital.pdf" title=Read target="_blank" > Read </a> </div> </div> </section> </div> </div> </div> <div style="height:20px" aria-hidden="true" class="wp-block-spacer"></div> <div class="break-container" style="background: linear-gradient(89.84deg, #0D1A1F 8.28%, #444B6E 60.97%, #681E9C 130.02%);"> <section class="block-media-spotlight container-1100 is-media-youtube empty-thumbnail columns-2"> <div class="col-content"> <div class="content-title"> <div class="title">U.S. Small Businesses Could Soon Be Paying More for Loans, Unless U.S. Regulators Act</div> </div> <div class="content-html">U.S. and international regulators are currently implementing the Basel III framework, which includes rules around how much capital banks must hold to fund loans. While the European Union is considering giving small businesses flexibility, possible actions by U.S. regulators could result in U.S. small businesses paying more for loans than similar companies operating in Europe. Furthermore, these small business could also be paying more than large, publicly traded companies, and more than their true risk requires.</div> </div> <div class="col-media is-youtube"> <div class="spotlight-youtube"> <div class="youtube-responsive-container"> <iframe src="https://www.youtube.com/embed/Df6wv1UcOH4" frameborder="0" allowfullscreen></iframe> </div> </div> </div> </section> </div> <p></p> <div style="height:50px" aria-hidden="true" class="wp-block-spacer"></div> <h2 class="wp-block-heading" id="latest-news-a07857d8-623b-4751-8256-d5241b786256">You Might Also Be Interested In…</h2> <div class="break-container"> <section class="block-topics-grid container-1240"> <div class="topics-grid-list"> <a class="topic-grid-item" style="background-image: linear-gradient(rgba(0,0,0, 0.4), rgba(0,0,0,0.6)), url('https://bpi.com/wp-content/uploads/2020/10/bank_capital_stress_testing-v2-286x286-c-default.jpg');" href="https://bpi.com/category/capital-stresstesting/" title="Bank Capital"> 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