US Fed aims to adopt last Basel III part by January 2023 with 'capital neutral' calibrations across system


The US Federal Reserve will try to finalize the last phase of the Basel III capital reforms by January 2023 with new requirements to be calibrated for "capital neutrality" across the entire US banking system, a Fed official said. "If we can't find the right dials to turn inside the Basel III end-game risk-based reforms we'll look at other parts of the capital framework," Fed General Counsel Mark Van Der Weide said.