Eight major US banks warn Basel capital rules could lift trading desk requirements 30%–89%

Eight major US banks said new Basel capital requirements could raise capital needs for their trading desks by 30% to 89%. The push to soften those rules comes as US authorities revisit parts of the post-2008 regulatory framework. Analysts estimate the proposed changes could free up about $1 trillion in lending capacity, while regulators in Europe and Asia are also reassessing their approaches.