The Financial Post reports in its Thursday, Sept. 12, edition that after the failure of Silicon Valley Bank and First Republic Bank last year, Federal Reserve's Michael Barr introduced new regulations for America's largest lenders. A Financial Times dispatch to the Post reports that Mr. Barr initially proposed stricter rules on major U.S. lenders such as JPMorgan Chase and Goldman Sachs. He later retreated due to strong opposition from the banking lobby and bipartisan U.S. lawmakers. Not only U.S. regulators, but also global financial regulators, are experiencing pushback in implementing the Basel III Endgame, with institutions resisting the proposed changes. The U.K. this week is set to join the U.S. and European Union in making concessions and delaying the eventual implementation of their own rules. The scope and scale of the reversal from regulators speak to the intensity of the industry opposition, which at its peak included threatened lawsuits and billboards by bank lobbyists warning that "everyday Americans" would suffer if the rules were adopted. The criticism from Democratic lawmakers did not help, leading them to rethink the most extensive effort in over a decade to safeguard the financial system.