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Barr: Fed is taking ‘thoughtful approach’ to Basel III rules

Federal Reserve vice chair for supervision Michael Barr said the central bank is taking “a very thoughtful approach” to the Basel III rules (aka the Basel endgame), which would significantly increase bank capital requirements and, if implemented, affect the mortgage industry.

“We gave the public extra time to comment on the rule because it was really complex. We’re analyzing those comments,” Barr said Wednesday afternoon during a conference hosted by the National Community Reinvestment Coalition (NCRC) in Washington, D.C. “I expect them to make adjustments to the final rule. I think it will be a good, details ⇒

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