New Basel banking regulations may put smaller banks out of business - Brussels Report

New Basel banking regulations may put smaller banks out of business - Brussels Report

By Jorge Muñoz What if the regulation designed to solve banking problems only ends up making them worse? This is the critical question surrounding Basel III Endgame, a framework which promises financial stability but risks crushing small banks and harming ordinary people in the process. At the heart of this initiative lies the Bank for International Settlements (BIS), often referred to as the ‘central bank of central banks.’ Headquartered in Bas…