Barr’s Fed exit likely to delay, but not destroy, Basel III
Market risk, op risk and leverage ratio all in the sights of Barr’s potential successors
The Basel III endgame capital requirements may be further delayed, following the resignation of Michael Barr as US Federal Reserve vice-chair for supervision, especially because the two Fed governors most likely to succeed him want to see a major overhaul of the package that could amount to a full reproposal.
“The expectation is that Barr’s resignation could probably delay action on the US Basel
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