Financial Services Financial Services

US banks seek 120-day comment period on Fed’s upcoming Basel III plan in pre-emptive strike against proposal

By Neil Roland
  • 13 Jul 2023 19:03
  • 13 Jul 2023 19:33
Groups representing large US banks asked Federal Reserve Chair Jerome Powell for a 120-day comment period on the central bank’s upcoming Basel III capital proposal — a pre-emptive strike on a plan that hasn’t yet been released.
The request, if granted, would make for a longer comment period than the

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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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