The Financial Times reports that an unpublished ECB analysis found that EU banks would face higher minimum capital charges if they were subject to the U.S. financial regulatory regime.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...
Read MoreIn a Senate Banking Committee hearing on July 9, and followed by the House Financial Services Committee on July 10, Federal Reserve Chair Jerome Powell stated that he and other Fed board members favor re-proposing the Basel III Endgame...
Read MoreAccording to Bloomberg, the Federal Reserve has floated the possibility of scaling back proposed substantial increases in capital requirements for large U.S. banks. However, the path to release a final Basel III capital rule or re-proposal of...
Read MoreThe European Union (EU) has pushed back its timeline to implement a core element of its implementation of the Basel III capital rules by one year to January 2026. The EU is specifically delaying the section...
Read MoreIn response to the industry and lawmaker pushback, the joint banking regulators are looking to scale back the proposed Basel III Endgame capital rules. The proposed rules, as written, would require large U.S. banks to...
Read MoreAccording to American Banker, the path forward for the joint regulators in reforming the Basel III Capital Proposal is unclear. Joint regulators have multiple avenues for finalizing the proposal, including a potential re-proposal, though Powell has emphasized that...
Read MoreThe Federal Reserve's plan to boost capital requirements for big banks faces mounting criticism from large banks, Democratic lawmakers and civil rights groups. This widespread opposition could complicate the regulator's goal of strengthening the financial...
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