Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Powell: Fed will repropose Basel III endgame after coordinating with other regulators
Summary
At a House hearing, Chair Powell said the Federal Reserve intends to repropose the Basel III 'endgame' capital rule promptly once it coordinates with the other U.S. banking agencies, after concerns that a previous draft would 'gold‑plate' requirements and hurt U.S. competitiveness.
Members pressed Powell about bank regulation, the outgoing vice chair for supervision, and the status of the Basel III endgame proposal.
Powell said the Fed intends to repropose the Basel III endgame and to coordinate closely with the other two banking regulators. “We do intend to repropose Basel 3 endgame, and we intend to do that just as soon as we can get together with the new leadership at the two other banking agencies,”…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
