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Fed's next bank overseer seen ending Basel III standoff

Randal Quarles could prove to be more flexible than his predecessor in the role, Daniel Tarullo

Mr Quarles, who is awaiting confirmation as the Federal Reserve's vice-chairman for supervision, is regarded as a potential game-changer in the negotiations between EU nations and the US.

New York

BANK regulators, worn down after a year of butting heads over new global capital rules, see a glimmer of hope emerging in Washington in the form of Randal Quarles, who's awaiting confirmation as the US Federal Reserve's top bank overseer.

With European countries led by...

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