Senator Cramer Questions Chair Powell on Effects of Basel III Endgame on Electric Cooperatives, Reiterates Importance of the Federal Reserve's Political Independence
July 10, 2024
July 10, 2024
WASHINGTON, July 10 -- Sen. Kevin Cramer, R-North Dakota, issued the following news release:
The Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) announced proposed regulations to implement the final components of the Basel III agreement to raise bank capital requirements. The proposal was created to set the standards for capital reserves, liquidity, and leverage at financial institutions. Under the proposal, . . .
The Federal Reserve, the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC) announced proposed regulations to implement the final components of the Basel III agreement to raise bank capital requirements. The proposal was created to set the standards for capital reserves, liquidity, and leverage at financial institutions. Under the proposal, . . .