Updated Rules of the Endgame: What Financial Institutions Should Know

Proposed updates to Basel III endgame may impact how banks prepare for compliance.

With the flurry of activity around increased financial regulatory oversight and the need to ensure a healthy financial system, banks find themselves in the position of reviewing existing procedures regarding capital reserves. In July 2023 the Federal Reserve, the FDIC, and the Office of the Comptroller of the Currency (OCC) issued a proposal aimed to enhance the resilience of banks and the stability of the financial system by ensuring that banks hold sufficient capital to cover risks. The primary goals are to improve the quality and quantity of bank capital, enhance risk coverage, and introduce leverage and liquidity requirements.

Michael S. Barr, Vice Chair for Supervision at the Federal Reserve Board, delivered a speech on September 10, 2024 at the Brookings Institution in Washington, D.C. During this appearance, he discussed the importance of bank capital and the balance between resiliency and efficiency in the financial system. He offered several updates and re-proposals he hopes to put in front of the Federal Reserve Board for consideration on the Basel III endgame.

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Updated Rules of the Endgame: What Financial Institutions Should Know

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