Banks f*ck up in 08. New laws get adopted, but delayed and slowly implemented. Banks complain because the new laws, designed to prevent collapse, will cause collapse, because, we waited until the next banking disaster to implement them. You literally can’t make this shit up

by BoatSurfer600

WASHINGTON, June 22 (Reuters) – U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still reeling from the March banking crisis, according to six people briefed on the matter.

Bank regulators led by the U.S. Federal Reserve are finalizing the proposal which would implement international capital standards agreed by the Basel Committee on Banking Supervision in the aftermath of the 2007-2009 financial crisis.

Source: www.reuters.com/business/finance/us-banks-push-back-regulators-prepare-international-capital-hikes-2023-06-22/