by David Schwartz J.D. CPA | Sep 13, 2024 | All, Change Overview and Rationale, Formal Regulatory Remedies
On September 10, 2024, Michael S. Barr, the Federal Reserve Board Vice Chair for Supervision, delivered a speech at the Brookings Institution outlining potential changes to the Basel III Endgame and G-SIB Surcharge proposals, originally released in July 2023. Barr...
by David Schwartz J.D. CPA | Dec 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
On June 8, 2017, the Basel Committee on Banking Supervision (BIS) issued a second set of frequently asked questions (FAQs) and answers on Basel III’s Liquidity Coverage Ratio (LCR).[1] This latest guidance responds to questions and requests for clarification...
by David Schwartz J.D. CPA | Jun 19, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In a sparsely worded press release on January 3, 2017, the Bank for International Settlements announced that the January 8 meeting of the group of central bank governors and heads of supervision (GHOS) has been postponed. At this meeting, the GHOS were to finalize...
by David Schwartz J.D. CPA | May 29, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
In speeches on April 5 and May 25, 2017, William Coen, Secretary General of the Basel Committee, hinted that final Basel III standards are “just around the corner.” Despite a setback in January 2017 in which the Committee members could not reach accord on the...
by David Schwartz J.D. CPA | Mar 20, 2017 | All, Change Overview and Rationale, Formal Regulatory Remedies
“We reiterate our commitment to support the timely, full and consistent implementation and finalisation of the agreed G20 financial sector reform agenda.” In a statement issued following a two-day meeting in Baden-Baden, finance chiefs of the Group of 20 nations...
