Elizabeth Warren, followed by Senate Democrats, strengthens capital rules for banks

Senator Elizabeth Warren and two other Democratic senators are lobbying bank regulators for stricter capital standards in the wake of the collapse of Silicon Valley Bank and Signature Bank. Specifically, Warren, along with Senator Richard Blumenthal and Tammy Duckworth, supports the adoption of the Basel III framework to increase the quantity and quality of capital held by US banking organizations. Elizabeth Warren on bank capital rules As anticipated above, Senate Democrats are pressuring federal banking regulators to tighten bank capital requirements. This follows back-to-back congressional hearings in which officials testified about the failures of Silicon Valley Bank and Signature Bank.