Fed Governor Barr is expected to announce the new measures in a speech on September 10:
- Fed to halve biggest banks’ capital hike in latest Basel plan
- FED, FDIC, OCC
poised to unveil changes as soon as September 19 - Top banks face 9%
increase in revised plan from 19% earlier
Headlines come via Bloomberg
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At 1400 GMT / 1000 US Eastern time Federal Reserve Vice Chair for Supervision Michael Barr speaks on “Basel III Endgame” before the Brookings Institution
This article was written by Eamonn Sheridan at www.forexlive.com. Source