The Trump administration plans to ease regulations on banks by rethinking the Basel III endgame capital requirements. This could include eliminating the current dual-stack capital calculation requirement, the recalibration of the GSIB surcharge as well...
Read MoreAccording to Bloomberg, Vice Chair for Supervision Michelle Bowman is leading the Federal Reserve’s effort in re-proposing the Basel III capital requirements. Vice Chair Bowman was not supportive of the original version that increased capital requirements by...
Read MoreThe Bank of England pushed the Basel III implementation date on capital requirements for wholesale trading activities from 2027 to 2028. This follows the EU’s decision to push Basel III trading book rules to 2027....
Read MoreAccording to Politico, federal financial regulators are expected to release a new Basel III proposal this summer. Treasury Secretary Scott Bessent noted that lowering capital requirements would be a top priority. The re-proposed rule would focus on...
Read MoreOn June 4, Michelle Bowman was confirmed by the Senate (48-46) to become the Vice Chair for Supervision. Bowman has previously stated that she will collaborate with other financial regulators to re-propose Basel III endgame....
Read MoreU.S. banks are anticipating that President Donald Trump’s lighter touch on financial regulation will boost productivity and profitability in the banking industry. Bank lobbyist groups applauded President Trumps executive orders that put an immediate freeze...
Read MoreThe Financial Times reports that an unpublished ECB analysis found that EU banks would face higher minimum capital charges if they were subject to the U.S. financial regulatory regime. EU officials are using this report to defend...
Read MoreAccording to American Banker, CFPB Direct Rohit Chopra signaled that he would vote against a scaled-back version of the Basel III Endgame proposal. Additionally, FDIC Vice Chairman Travis Hill and FDIC Board member Jonathan McKernan have...
Read MoreOn September 25, the HFSC Financial Institutions and Monetary Policy Subcommittee held a hearing, titled “Regulatory Recipe for Economic Uncertainty: The Endless Basel Endgame and an Onslaught of Hurried Rulemaking Undertaken by the Administration.” Republicans...
Read MoreAmerican Banker reports that that the Fed, FDIC, and OCC might agree on a path forward for a Basel III re-proposal that would raise capital requirements for the largest banks, while mitigating some of the criticisms...
Read MoreFederal Reserve Vice Chair for Supervision Michael Barr announced a forthcoming scaled-back version of the Basel III Endgame which would raise capital requirements for the biggest banks. Originally proposed to raise capital requirements to 19%,...
Read MoreAccording to Politico, joint banking regulators remain unclear on how to proceed with proposed Basel III Capital Regulations. Regulators continue to discuss among themselves the appropriate path forward, further complicating efforts to agree on revisions to...
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