Fed urged to focus on resolvability in Basel III endgame
Industry roundtable suggests resolution planning should take priority over higher G-Sib charge
US prudential regulators should incentivise large banks to improve their resolvability, rather than piling on capital requirements, according to a panel of regulatory experts and former regulators. Their intervention comes as the three prudential agencies prepare a proposal for implementing the final round of Basel III reforms.
US Federal Reserve vice-chair for supervision Michael Barr gave a speech on July 10 laying out probable changes in the Basel III endgame package. These include
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