US banks hostile to NPR in Fed meetings

In summer meetings and letters to the Federal Reserve, bankers point out that there are key differences between the US implementation as outlined in the draft Notice of Proposed Rulemaking (NPR), and the original mid-year text of the Basel Committee on Banking Supervision, as well as the EU’s Capital Requirements Directive (CRD), creating substantive home-host issues. One of the most fundamental of these differences is the variations in the definitions of default.

In recent months, governor S

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: