🚨 ALERT : Fed and other regulators are preparing to finalize the long-awaited Basel capital package in mid- to late December, per Politico Aims to bring US bank capital standards in line with international ones finalized back in 2017 but never implemented 👀 The rules govern how much capital America's biggest banks must hold against lending, trading, and other risks — stricter terms could raise lending costs, a softer package could ease financial conditions Final vote is expected after the Fed's December 9 rate decision This is the same rulemaking regulators reworked in March to be notably lighter than the original 2023 draft — worth watching whether the December version keeps that industry-friendly shift or tightens back up ⛓️