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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 France and Germany dug in on one side, and the US on the other, efforts to complete the capital standards known as Basel III have been deadlocked since regulators got close to a deal in Santiago, Chile, late last year. The divisions deepened after the election of President Donald Trump sowed doubts about US commitment to global agreements.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
