On the inaugural episode of the ABA Newsbytes Podcast, co-hosts Evan Sparks and Shaun Kern discuss the Equifaxtravaganza on Capitol Hill and the banking agencies’ first step toward simplifying the Basel III capital rules.
Browsing: Basel III
The federal banking agencies today issued a proposed rule that would simplify the complex Basel III regulatory capital calculations for all but the very largest banks.
ABA today submitted comments on a recent joint proposal by regulators to pause the transition to the Basel III capital framework for banks not using the Basel advanced approaches.
The Federal Reserve, FDIC and OCC today issued a proposed rule that would pause the transition to the Basel III capital framework for banks not using the Basel advanced approaches.
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.
In a speech at the Federal Reserve Bank of Chicago today, Federal Reserve Governor Jerome Powell said that regulators should increase their efforts to monitor for liquidity risk among central counterparties by conducting stress tests on those entities.
The Treasury Department tonight issued a 150-page report making dozens of recommendations for how Congress and regulatory agencies can streamline bank regulation in a way that promotes economic growth.
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).
In an eighth white paper to the Treasury Department today, ABA called for a reevaluation of the current global regulatory regime and for improvements that would make international standards more workable and supportive of economic growth, both domestically and abroad.