Search results for Basel III
Crypto
Eight big U.S. banks press for easing Basel capital rules; focus on Treasury market liquidity and bitcoin impact
Major U.S. banks are seeking to ease capital rules introduced after the 2008 financial crisis, arguing the Basel framework being pursued could reduce U.S. Treasury market liquidity and weaken market functioning. Regulators are reviewing possible adjustments to balance financial stability and market efficiency. Banks say the new Basel capital rules could sharply raise trading-unit capital burdens. Markets are watching potential effects on lending capacity, liquidity and risk appetite, including possible spillovers to bitcoin and stablecoins.
Finance
National Participation Growth Fund sells out as financial sector steps up payment ecosystem expansion
South Korea\'s National Participation Growth Fund effectively sold out on its first day of sales, with more than 87 percent of supply taken up and some online allotments closing in 10 minutes. Financial authorities are reviewing options to bring forward next year\'s supply or add more, with additional sales in the second half also discussed. Markets also saw spillover effects, while financial institutions and fintech firms moved to expand payment ecosystems and data-driven services.
Finance
FSS chief urges banks to curb household debt and strengthen consumer protection
Lee Chan-jin (이찬진), head of South Korea\'s Financial Supervisory Service, met chief executives of 20 domestic banks and called for stronger consumer protection and internal controls. He urged stable management of household debt and steps to channel bank funds into productive sectors. He also told banks to reassess high-risk product sales practices amid ongoing controversy over Hong Kong H-index equity-linked securities. Lee urged proactive governance reforms and said oversight would shift to a preventive, consumer-protection-focused approach.