Poll Results: Is Delaying Basel III a Victory for Banks?

Regulators pledged Wednesday to heed concerns of community banks and ensure that a final rule implementing Basel III capital and liquidity requirements does not harm smaller institutions.

U.S. financial institutions will not be required to start complying with Basel III capital and liquidity requirements by Jan. 1, according to a joint statement issued by regulators on Friday.

Small banks won a critical battle Friday as regulators agreed to indefinitely delay implementation of Basel III until various issues with a proposal can be resolved.