Washington, June 7 (IANS) Senior US banking regulators defended efforts to ease some post-crisis regulations and implement new rules for stablecoins during a contentious congressional hearing, while Democratic lawmakers warned that the changes could weaken safeguards designed to prevent future financial crises.The debate unfolded before the House Financial Services Committee this week as senior officials from the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal D…
Latest Basel III News & Updates
New Delhi, June 2 (IANS) State-owned Canara Bank has approved a plan to raise up to Rs 8,500 crore through debt instruments during FY27 as the lender looks to strengthen its capital base and support future business growth.In an exchange filing, the public-sector bank said its board had approved raising up to Rs 4,500 crore through Basel III-compliant Additional Tier I (AT1) bonds and up to Rs 4,000 crore through Basel III-compliant Tier II bonds.The fundraising will be carried out during FY27, s…
Mumbai, May 26 (IANS) Union Bank of India on Tuesday approved a plan to raise up to Rs 8,000 crore through a mix of equity and debt instruments to strengthen its capital base and support future business growth.In a regulatory filing to the BSE, the bank said its board of directors, in a meeting held on May 26, 2026, approved the capital-raising proposal.“We wish to inform you that the Board of Directors in its meeting held on May 26, inter-alia, considered and approved: Capital plan of the ban…
Washington, Feb 28 (IANS) US banking regulators defended sweeping efforts to recalibrate capital rules and formalise crypto oversight as senators clashed over Basel reforms, political “debanking” and consumer safeguards in a hearing with global implications for capital flows and digital finance.Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott said regulation must focus strictly on financial risk.“No law — no lawful business in Anderson, South Carolina or anywhere in…