The banking sector is bracing for a major set of regulations prompted by the 2007-2008 financial crisis, but whose origins extend as far back as the termination of the gold standard and the introduction of freely floating international currencies. Bank regulators around the world are poised to finalize the third Basel Accord, an international set of bank capital rules born from a summit that began in 1974. Experts say the new regulations, known as the “Basel III Endgame,” are still necessary and will help to stabilize an international financial system that is prone to periodic collapse. Meanwhile, banking industry groups and…
