August 7, 2023 (NO COMMENTS)

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