(MT Newswires) -- Ken Bentsen, CEO of the Securities Industry and Financial Markets Association (Sifma), is critical of the Basel III financial regulation proposals, pointing to their complexity and potential impact on capital markets. He points to the lack of a quantitative impact study and recommends a reassessment. He refutes the idea that increased capital would not affect the real economy, stressing the central role of capital markets in financing US companies. Bentsen warns that the proposals could increase costs and have a negative impact on business financing and growth.
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- Sifma CEO Ken Bentsen critical of Basel III financial regulation proposals