As mayors from across the country wrap up their winter meeting of the US Conference of Mayors, it’s hard to ignore the bipartisan concerns over the harm Basel III Endgame will cause local communities. A few examples: Stakeholders from across the country have spoken: regulators must go back to the drawing board on Basel III… Continue reading 5 concerns mayors should have about Basel III Endgame
Author: fsf
Bowman says Fed’s capital plan needs substantive changes
Even some Fed officials are now questioning the Fed’s new bank capital rules
Bipartisan policymakers call on Fed to consider Basel III Endgame’s negative impacts
Yesterday, a bipartisan group of members from the House Financial Services Committee sent a letter to bank regulators urging them to consider the wide-scale downstream impacts of the capital requirement rule on the U.S. economy. Their concerns echo those of consumers, small businesses, advocacy organizations, and many others. The bipartisan lawmakers’ letter urges bank regulators to rethink the cumulative… Continue reading Bipartisan policymakers call on Fed to consider Basel III Endgame’s negative impacts
Muni advocates warn of fallout from proposed Basel III capital reforms
Big US banks to call on Fed to rewrite contentious bank capital rule
Fed’s Waller – Agencies should start over again on capital proposal
Press Release: Basel III Endgame proposal would harm American households, businesses, and the broader economy
Fed Governor Waller: Scrap and redo Basel III Endgame
Today, Federal Reserve Governor Christopher Waller stated that Basel III Endgame needs a “major overhaul,” suggesting that regulators should consider “just taking it back and starting over.” Waller points out that the proposed rule requires a big increase in capital for banks, which will impact product services, such as loans, and increase borrowing costs for consumers, stating, “We’re basically going to… Continue reading Fed Governor Waller: Scrap and redo Basel III Endgame