What the new banking rules mean for you

Basel III. It's a phrase to strike dread into even the most ardent reader of financial news. Banking regulation falls squarely into the "boring, but important" category as far as investors go. The good news is that you don't need to know the intimate details to understand what Basel III means for the banking sector. The market reaction – both the stock and bond markets – tells you all you need to know. It's business as usual for the industry that nearly bankrupted the global economy.