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Bowman: The Path Forward for Bank Capital Reform
"More is better." This axiom often holds true in many respects, but experience also teaches us that there are limits. Today, I'm happy to join you here at the U.S. Chamber of Commerce to talk about proposed changes to bank capital rules in the United States and to probe the limits of the notion that "more is better" when regulators seek to apply it to bank capital requirements.1 In July 2023, the federal banking agencies proposed changes to implement the Basel III "endgame" capital reforms.2 The published capital rulemaking proposal incorporated an expansive scope and a notable shift in approach by pushing down new ... (full story)