Barr defends easing of Basel III endgame proposal
Fed’s top regulator says he will stay and finish the package, is comfortable with capital impact
The US Federal Reserve’s vice-chair for supervision Michael Barr has defended his efforts to dilute the capital impact of a flagship new bank regulation package. He promised to work with incoming Republican colleagues at the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation to finish the job.
“I look forward with my new colleagues at the OCC and FDIC to get their input on that to move that process forward,” said Barr, speaking at a hearing of the House Financial
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