American Banker reposted this
It's been four months since Federal Reserve Board Chair Jerome Powell said "broad and material" changes would be coming to the joint capital reform proposal from the Fed, Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency. For those in and around the banking sector wondering whether such changes would be brought to bear in a finalized rule, or a totally new proposal. Today, Powell said he would rather it be the latter. During his testimony in front of the Senate Banking Committee this morning, Powell said there is a strong consensus on the Fed's Board of Governors for re-proposing the rule and opening it up for a new round of public commentary. But the same cannot be said for the other two agencies involved in the joint rulemaking. At least not yet. Get the full details in my piece for American Banker. #banks #bankreg #capital #baseliii #endgame #baseliiendgame https://lnkd.in/exibAaGi