Rep. Lucas: Basel Endgame Will Penalize Central Clearing
May 17, 2024
May 17, 2024
WASHINGTON, May 17 -- Rep. Frank Lucas, R-Oklahoma, issued the following news release on May 16, 2024:
At today's House Financial Services Committee hearing, Congressman Frank Lucas (OK-03) questioned FDIC Chair Gruenberg and Federal Reserve Vice-Chair Barr on the consequences of the Basel Endgame proposal.
Specifically, Congressman Lucas brought to attention his concern that the Basel requirements will constrain the capacity of banks to offer central clearing. He . . .
At today's House Financial Services Committee hearing, Congressman Frank Lucas (OK-03) questioned FDIC Chair Gruenberg and Federal Reserve Vice-Chair Barr on the consequences of the Basel Endgame proposal.
Specifically, Congressman Lucas brought to attention his concern that the Basel requirements will constrain the capacity of banks to offer central clearing. He . . .