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American Banker: Basel endgame will drive up costs for American farmers and consumers

Senator Jerry Moran: “From a Kansas soybean farmer to some of the world’s largest airlines, end users of derivatives will all be impacted by these proposed capital requirements.”

Forbes: What’s the Problem, and Why Is Harming Banks the Solution?

“It’s the equivalent of making Kansas City Chiefs all-world quarterback Patrick Mahomes run laps since New York Jets quarterback Zach Wilson threw an interception at the end of the game on Sunday.”

U.S. Senate Banking Committee on Banking, Housing, and Urban Affairs: Basel III Banking GOP Letter

“We urge you to withdraw the Basel III Endgame proposal as written and urge the Federal Reserve, the FDIC, and the OCC to operate in a more transparent and justified manner.”

Third Way: Don’t Ignore Small Businesses’ Capital Requirements

“We urge the Federal Reserve and banking regulators to pay particular attention to credit access and affordability for small and minority-owned businesses.”

HousingWire: Bank capital requirements would put squeeze on mortgage market

“The effort was intended to decrease systemic risk, but by focusing narrowly on the risk posed by banks, it would likely increase risk in the mortgage market.”

American Banker: Fed policies continue to batter small businesses

“Not only are these regulations misplaced and inappropriate, but they also come at a horrible time for small businesses, when headwinds remain relentless, and capital and credit are becoming more difficult and expensive to access.”

American Banker: Banks ‘flying blind’ without cumulative data on regulatory proposals

“There is no cumulative impact statement from the agencies, and that’s just a profound failure of analytical rigor,” Karen Petrou, managing partner of Federal Financial Analytics, said.

Project Syndicate: When More Financial Regulation Is Not Better

“Sensible regulation depends on knowing when a tool loses its effectiveness and becomes counterproductive. More is not always better.”

Politico: Biden’s climate fight now has a Fed problem

“The implication is a massive reduction in the amount of capital that’s available to decarbonize our energy system and make investments in cheaper energy assets,” Rep. Sean Casten (D-Ill.) said in an interview.