Public backlash mounts against Basel 3 Endgame proposal

In a recent government meeting, officials discussed the overwhelming public response to the Basel 3 Endgame proposal, revealing that approximately 97% of the comments received were negative. Notably, 86% of these critiques originated from individuals and organizations outside the banking sector. This significant feedback highlights widespread concerns regarding the proposed regulatory changes, suggesting a disconnect between the banking industry's interests and public sentiment. The meeting underscored the importance of considering diverse perspectives in the regulatory process as stakeholders continue to evaluate the implications of the Basel 3 reforms.