>>21699162 (PB)
found this from the WEF:
What's the ‘Basel Endgame’ – and can it help us avoid another financial crisis?
Jul 9, 2024
Following the financial crisis of 2007-09, new banking rules, known as Basel III, were drawn up. Some are only just being finalized.
The final stage of the reforms is referred to as the “Basel Endgame”, and it’s due to come into force in the US in 2025.
The World Economic Forum’s Banking and Capital Markets community brings together industry leaders to focus on financial stability.
Bank stability is something we often take for granted.
When we tap our cards at the coffee shop, buy something online or take money from an ATM, we’re assuming the funds are ready to go.
But when shocks occur or things go awry, banks hit the headlines and we all become acutely aware of how much trust we place in their stability and how reliant we are on the easy flow of money around the world.
It’s an indication of why regulation is so important.
https://www.weforum.org/agenda/2024/07/basel-endgame-bank-capital-financial-crisis/