Financial Services Financial Services

US Fed reaches consensus to issue revised Basel III plan, but path forward needs sign-on from FDIC, OCC, Powell says

By Neil Roland
  • 09 Jul 2024 21:49
  • 09 Jul 2024 21:49
The US Federal Reserve has reached a consensus to issue a revised Basel III capital proposal for public comment, but the central bank is still in discussions with the two other banking regulators on how to proceed, Federal Reserve Chair Jerome Powell said.
The US Federal Deposit Insurance Corp. and

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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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