Category: Email blasts

Tomorrow, Federal Reserve Vice Chair for Supervision Michael Barr will be giving remarks on Basel III Endgame, where he will “preview the regulators’ revised proposal and explain the next steps.” Here are three things you should keep in mind before Barr’s remarks: 1. The opposition to Basel III Endgame is overwhelming and diverse. About 97.5% of the Basel… Continue reading Three things to consider ahead of Barr’s speech tomorrow

When regulators asked Americans to weigh in on Basel III Endgame, the opposition was overwhelming. About 97.5% of the Basel III Endgame public comment letters were negative in sentiment, according to Latham & Watkins. And more importantly, the vast majority of those negative comments – over 86% – came from outside the banking sector, including… Continue reading One chart you need to see today

As central bankers and other policymakers gather at the annual Jackson Hole Economic Policy Symposium, here are three points they should keep in mind when it comes to Basel III Endgame and its likely impact on the economy: The nation’s largest banks have proven their resiliency and are well-positioned for potential economic turbulence. The proposed… Continue reading Three things to keep in mind about Basel III Endgame ahead of the Jackson Hole Economic Symposium

As Americans look to take their final trips of the summer, and U.S. athletes and fans return from a record-breaking Olympics, we should remember that the Basel III Endgame proposal threatens to increase costs for transportation in myriad ways, including air travel. Basel III Endgame needs to be reproposed, among many other reasons, because Americans can’t afford the… Continue reading As August travel peaks post-Olympics, remember that Basel III Endgame threatens to upend transportation prices

The Government Accountability Office (GAO) recently published a report calling for improvements in regulatory analysis by financial federal agencies—including the Federal Reserve, FDIC, and OCC. The GAO report echoes similar concerns from policymakers and other stakeholders regarding the Basel III Endgame proposal and the need for more robust analysis to justify its implementation: A revised proposal that does… Continue reading GAO report calls for improvement of regulatory analysis

American athletes continue to compete for the Olympics in Paris, showcasing the competitive spirit of the United States on the world stage. That spirit also extends to the U.S.-based companies that look to compete in the global marketplace, which requires a level playing field with companies based in other countries. A proposed rule garnering attention… Continue reading Basel III Endgame will make U.S. less competitive