US politicians plot national impact study for Basel III

Capitol Hill in Washington DC

Politicians in the US are stepping up their push for a national study of Basel III's impact, with congressional sources indicating a bill could be launched in the Senate that would slow implementation of the rules, mirroring developments that saw Basel II grind to a halt.

Demands for a quantitative impact study (QIS) were first voiced in October last year when senator Richard Shelby, the then-ranking Republican member of the Senate Committee on Banking, Housing and Urban Affairs, wrote to

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