Federal Reserve Vice Chairman for Supervision Randal Quarles today defended the agency’s decision to hold the countercyclical capital buffer for banking organizations using the Basel III advanced approaches at zero percent for the third year in a row, noting that financial vulnerabilities remain within their normal range.
Browsing: Basel III
As part of its broad review of the post-crisis regulatory framework, the Basel, Switzerland-based Financial Stability Board today sought public feedback on the effects of post-crisis rules on credit for small and midsize enterprises.
In a bid to prevent what it calls “window-dressing,” a form of regulatory arbitrage around disclosure deadlines, the Basel Committee on Banking Supervision has proposed revisions to its disclosure framework for the Basel III leverage ratio.
In a long-awaited rulemaking, the FDIC today voted to propose that community banks with a leverage capital ratio of at least 9 percent may be automatically considered in compliance with Basel III capital requirements and exempt from the complex Basel calculations.
An estimated 80 percent of community banks will be exempt from complex risk-based capital under the yet-to-be-announced community bank leverage ratio, FDIC Chairman Jelena McWilliams said at a community banking symposium hosted by the Federal Reserve Bank of Chicago today.
Financial regulators will issue by year-end their proposal exempting highly capitalized community banks from the Basel III capital calculations, as directed by S. 2155, FDIC Chairman Jelena McWilliams told members of the Senate Banking Committee today.
In an American Banker op-ed today, ABA EVP Wayne Abernathy and VP Hugh Carney explain why it’s time for regulators to assess and calibrate capital requirements for banks of all sizes.
The federal banking agencies today issued an interim final rule that implements an ABA-advocated provision of S. 2155 that expands the pool of what counts as high-quality liquid assets under the Liquidity Coverage Ratio.
Several Republican members of the House Financial Services Committee last week urged Federal Reserve Vice Chairman for Supervision Randal Quarles to recalibrate the Fed’s capital surcharge for the largest U.S.-based global systemically important banks.
The American Bankers Association and all 52 state bankers associations on Friday wrote to the heads of the financial regulatory agencies urging regulators to finalize immediately the regulatory deduction portion of their recent proposal aimed at simplifying the complex Basel III capital calculations.