U.S. bank regulators are continuing to finalize the U.S. bank capital rules related to Basel III and are hinting toward the content of the final requirements. Both the Chairman of the U.S. Federal Deposit Insurance Corp. and a Federal Reserve Governor have recently stated that the Basel III leverage ratio may need to be strengthened. Regulators are also discussing minimum requirements for long-term debt at the holding company level for banks. In addition, several Congressmen have supported disregarding the Basel III risk-based requirements and imposing on banks a flat 15% capital ratio. Further reflections on the topic can be found here.
Separately, the U.S. Securities and Exchange Commission continues to review the roughly 500,000 public comments it received on a recent proposal requiring publicly traded companies to publicly disclose to investors such companies' spending on political campaigns. The Commission had earlier suggested a decision on the proposal could come as soon as May 2013, but the Commission is also currently working to finalize rules required by Dodd-Frank. A summary of the campaign disclosure issue can be found here.