Basel III: Gold to be considered for Tier 1 status

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The GSIBs cannot raise their cash reserves 16%. That's what I got from the report.
 

Fed’s Barr says ‘broad’ changes coming to Basel III capital proposal​

Federal Reserve Vice Chairman for Supervision Michael Barr said today that regulators expect “broad and material” changes are coming to the proposed Basel III endgame capital standards, Bloomberg News reported. Speaking at a University of Michigan event, Barr echoed Fed Chairman Jerome Powell’s March 6 testimony before the House Financial Services Committee, in which he told lawmakers that significant changes will likely be made before the rule moves forward. Barr is the chief proponent of the proposal.

“I am working very closely with Chair Powell and other members of our Federal Reserve board to try to reach a broad consensus,” Barr said, according to Bloomberg. Specifically, he said criteria related to operational, market and credit risks could be adjusted.

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