This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager.
Dismiss

US Fed's Barr warns US failure to meet Basel III makes American banks less competitive

( February 20, 2025, 21:07 GMT | Official Statement) -- MLex Summary: Michael Barr, who steps down as the US Federal Reserve's top regulator at the end of the month, said the United States is the only major jurisdiction not to implement the final plank of the Basel III capital requirements. "Concerns about a level playing field rise in other jurisdictions, in an international 'race to the bottom' on standards," he said. "This harms us all and makes U.S. banks less competitive. And unless the U.S. implements these standards, other jurisdictions will force U.S. banks operating abroad to meet their standards instead." This was among seven risks he discussed, including the credibility of bank stress tests, nonbank risks, and climate risk.Statement follows below:...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login