March 19, 2024
The US pushback against Basel Endgame
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“The fight over the Basel Endgame is a fight for what the industry is going to look like 10 years from now,” says Andrew Olmem, a partner at Mayer Brown and former deputy director of the National Economic Council.
“Paradoxically, the risk is that the US ends up with a banking system that is far more uniform, and therefore more prone to systemic risks.”
“Paradoxically, the risk is that the US ends up with a banking system that is far more uniform, and therefore more prone to systemic risks.”
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