Senators in a hearing questioned Basel III capital rules for banks, saying a proposal for implementation is overly complex. "I'm concerned Basel III allows the largest banks to use complex internal models to determine capital requirements for transactions that were some of the most troublesome during the crisis," said Sen. Sherrod Brown, D-Ohio. Senators also raised concerns that the rules could hurt smaller banks and that they won't provide a sufficient buffer to help banks withstand another crisis.

Related Summaries