Investor's Business Daily on MSN5mon
Bank Stocks Skid On Basel Changes, Ally Credit Warning
Bank stocks reversed early losses Tuesday, as Michael Barr, the Federal Reserve's vice chairman for supervision discussed ...
The Federal Reserve’s vice chair for supervision, Michael Barr, on Thursday defended the so-called Basel III Endgame proposed rules, which aim to strengthen the U.S. banking-compliance framework.
Michael Barr ... The initial Basel III proposal required big banks to increase their capital reserves by an estimated 20%. After intense pushback, Barr said in a speech last September that the ...
The Basel III endgame capital requirements may be further delayed, following the resignation of Michael Barr as US Federal Reserve vice-chair for supervision, especially because the two Fed governors ...
Federal Reserve Vice Chair for Supervision Michael Barr ... has been a critic of Barr's attempt to force American banks to hold more capital — a proposal known as the Basel III Endgame.
On September 10, Federal Reserve Vice Chair for Supervision Barr gave a speech (the Barr Speech) in which he outlined the principal changes to the federal banking agencies' 2023 proposal to ...