Browsing: Basel III endgame

Newsbytes Fed’s Bowman: Capital requirements ‘no substitute’ for strong supervision

Policymakers should carefully consider whether a proposed increase in capital standards is efficient and appropriately targeted, as regulatory reform in the banking sector can pose potential financial stability risks if the reforms in question fail to account for the potential consequences, Federal Reserve Governor Michelle Bowman said,

Newsbytes Fed’s Barr: 2008 financial crisis highlighted need for new capital standards

Federal Reserve Vice Chairman of Supervision Michael Barr laid out his case for higher capital requirements for banks with more than $100 billion in assets during the American Bankers Association Annual Convention in Nashville, arguing that the private costs of capital must be weighed against the social benefits of creating a more resilient financial system.

Newsbytes Nichols calls on banks to work together on current challenges

ABA President and CEO Rob Nichols called for unity in the banking industry as bankers confront present challenges. In his opening address at the ABA Annual Convention in Nashville, Nichols noted that “we are strongest and most effective in our advocacy when we are able to come together.