BPI Statement on Basel III Endgame Reproposal

Washington, D.C. — Federal Reserve Chair Jerome Powell testified today before the Senate Banking Committee where he previewed the path forward for the Basel III Endgame proposal. BPI President and CEO Greg Baer issued the following statement:

“We are heartened that the proposal has been rethought and that the public will have a chance to comment on the rethinking; however, the details here are crucial, so obviously we will need to see the scope and details. And of course there remains the question of how the Basel proposal fits with the Federal Reserve’s stress test, the GSIB surcharge and other regulatory requirements.”

About Bank Policy Institute.

The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud, and other information security issues.

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