Financial Services Financial Services

Fueled by SVB’s failure, US Fed plans Basel III plank for trading, operational risks, Barr says

By Neil Roland
  • 30 Mar 2023 19:58
  • 30 Mar 2023 19:58
Informed by the collapse of Silicon Valley Bank, the US Federal Reserve plans to advance the last phase of Basel III capital requirements — for trading and operational risks, said Michael Barr, the Fed vice chair for supervision.
“The failure of SVB illustrates the need to move forward with our work

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Neil Roland

Senior Correspondent

Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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