Browsing: Basel III


Testifying before the Senate Banking Committee today, Federal Reserve Chairman Janet Yellen acknowledged that aspects of the agency’s enhanced supplementary leverage ratio “may be having unintended adverse consequences” and said the Fed is looking into changes.


A task force of the Basel, Switzerland-based Financial Stability Board has issued its final report containing recommendations on voluntary financial climate-related disclosures, which could affect banks both as preparers and as users of public disclosures.


The House today passed the Financial Choice Act by a mostly party line vote of 233 to 186 (one Republican, Rep. Walter Jones of North Carolina, voted against).

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