Skip to content
Sign up to receive our free weekday morning edition, and you'll never miss a scoop.
Michael S. Barr

Fed’s Barr nods to capital reform worries but vows to maintain course

A top official at the Federal Reserve said the agency is listening to the banking industry’s concerns about capital reform. But reforms are still going to happen, whether or not the industry wants it.

The Fed’s Vice Chair for Supervision Michael Barr told the American Bankers Association this morning that a suite of proposed changes is necessary to shore up the financial system. These reforms include changes to requirements around long-term debt and the implementation of international capital standards known as Basel III.

Subscripion logo

You're seeing a preview of our Premium coverage. Read the full story by subscribing here.

Presented by UL Standards & Engagement

E-bike fires are happening across the country, costing lives and forcing families out of their homes. The Senate can help stop these fires and protect Americans. The bipartisan Setting Consumer Standards for Lithium-Ion Batteries Act will keep uncertified batteries off the market, reducing the risk.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.