Browsing: Basel III

Newsbytes ABA welcomes congressional review of proposed capital standards

ABA strongly supports efforts by the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to investigate “the chaotic state of global financial standards,” such as the proposed U.S. adoption of the Basel III “endgame” capital standards, the association said.

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.

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