Browsing: Policy

Newsbytes FDIC’s McKernan sees lack of justification for proposed capital standards

Banking regulators have failed to make the case that the U.S. should adopt the so-called “Basel III endgame” capital standards, in part because the international Basel Committee on Banking Supervision had offered little to no explanation for some of its decisions in drafting the standards, FDIC Board Member Jonathan McKernan said.

Newsbytes ABA, California bankers urge state to reconsider climate disclosure law

California should take steps to ease the burden for financial institutions to comply with a new state law that requires them to report their greenhouse gas emissions, including those emissions for which they are not directly responsible, ABA, the California Bankers Association and California Credit Union League said in a joint letter.

Economy Fed’s Barr: Rates may be held at restrictive level for some time

The Federal Reserve must “proceed carefully” as it considers making monetary policy more restrictive to rein in inflation, with the question not being whether further rate hikes are needed this year, but how long it will need to hold rates at a sufficiently restrictive level to achieve its goals, Fed Vice Chairman of Supervision Michael Barr said.

Newsbytes D.C. Bankers Association launched

The Maryland Bankers Association and Virginia Bankers Association announced the formation of the D.C. Bankers Association to provide consistent and unified advocacy for the Washington, D.C., banking community.

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