When then US president Donald Trump nominated Judy Shelton for a seat on the Federal Reserve board in 2019, it triggered a furious backlash from the economic establishment.

Others are moving to incorporate it into risk taxonomies, although some now treat it as a cause, citing supervisory guidance ...

European Union banks would see their risk-weighted assets (RWAs) rise by €500.2 billion ($577.3 billion) if the Basel III output floor were in effect as of March 31, Risk Quantum analysis shows.