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MNI BRIEF: Fed's Powell Still Committed To Basel III Endgame

The Federal Reserve chair is answering questions from Senator Banking Committee members.
USCentral Bank NewsPolicy NewsFederal ReserveBriefStoryNorth America

MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said the central bank remains committed to completing negotiations on new banking rules known as the Basel III endgame when other banking regulators get new leaders. 

"We remain committed to completing Basel III endgame. Where it sits now is we await leadership arriving at the OCC and the FDIC and work our way through," Powell said. "I’m optimistic that we can do that fairly quickly." 

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MNI (WASHINGTON) - Federal Reserve Chair Jerome Powell said the central bank remains committed to completing negotiations on new banking rules known as the Basel III endgame when other banking regulators get new leaders. 

"We remain committed to completing Basel III endgame. Where it sits now is we await leadership arriving at the OCC and the FDIC and work our way through," Powell said. "I’m optimistic that we can do that fairly quickly." 

Keep reading...Show less