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Fed open to Basel III Endgame adjustments
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Banking, Financial Stability, Government Oversight, Industry Regulation
Friday, January 12, 2024
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Federal Reserve Vice Chair for Supervision Michael Barr signaled the Fed is open to modifying aspects of the Basel III Endgame proposal on capital requirements during a recent speaking engagement. Specifically, Barr indicated the Fed may consider adjustments to provisions concerning operational risk and fee-based income, among others.
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