Some new banking regulations were softened by the Basel Committee this week, with banks that were required to meet capital standards by 2015 now only having to meet 60% of those standards by the 2015 deadline. In this video, Motley Fool financial analyst Matt Koppenheffer discusses what the motivation is behind the softening of the regulations, and why the Basel Committee may be taking bank growth and recovery into consideration.
Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.