News

[ZxBro]

Explainer: What is the 'Basel III endgame' and why are banks worked up about it?

U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks.

www.reuters.com

Basel 3 will be used in conjunction with FEDNOW the fight against BRICS is on....!

 

[ZxBro]

Basel 3 = banks are changing as the bag 💰goes digital.....🤑

 

[johnOkillens]

Thanks for the info! Those snakes are scurred asf about the BRICS! 😂🤣😂

 

[Deleted member 1946]

Basel 3 = banks are changing as the bag 💰goes digital.....🤑

Uh oh. It is almost curtains for us.

 

[Deleted member 1946]

Thanks for the info! Those snakes are scurred asf about the BRICS! 😂🤣😂

Yes they are

 

[Deleted member 1946]

Explainer: What is the 'Basel III endgame' and why are banks worked up about it?

U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring the stability of big banks.

www.reuters.com

Basel 3 will be used in conjunction with FEDNOW the fight against BRICS is on....!

What are some logical things that could be in there?

 

[ZxBro]

What are some logical things that could be in there?

The US doesn't want foreign banks controlling our flow of money so they are basically giving US based banks a leg up still not sure what the currency will be backed by besides Nukes...🤷🏾‍♂️

 

[RCNAL]

The big banks are insolvent. Obama bailed them out after 2008. Congress made rules to stop practices that made the 2008 crash possible and Congress then slowly, quietly eliminated those safeguards.

The banks started getting worse under Bill Clinton when he ended a depression era law called Glass-Steagall. In a nutshell it made being able to use our money we had in the bank to do more shyt.

There have been a lot of signs the banks are shaky. It will end badly. It's a just a matter of when not if. These rules and such are just an attempt to delay the inevitable.

 

[ZxBro]

When it's implemented all currencies will have to be Basel 3 compliant.....that's significant when you have the largest banks in the country and Europe on board.......at some point all of this will converge. It won't be pretty.