WASHINGTON — A top senator on Tuesday introduced a bill that would effectively call on banking regulators to stop and study the impact of Basel III capital rules before implementing a final rule.

Sen. Richard Shelby, R-Ala., a top member of the Senate Banking Committee, introduced the bill in order to assess whether the capital requirements U.S. regulators signed off on as part of the Basel III accord appropriately balance the need for banks to have higher standards while not disabling their ability to lend and support economic growth.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.