Several banking associations urged the Federal Reserve Board, the FDIC and the OCC to make public all data and analyses used to develop the recently proposed amendments on capital requirements for large banking organizations.
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CFPB Director Rohit Chopra and SIFMA President Kenneth E. Bentsen, Jr. published opposing public statements on proposed revisions to capital requirements for large banking organizations.
The American Bankers Association, the Bank Policy Institute, the Financial Services Forum, the Institute of International Bankers and SIFMA countered the arguments made by Federal Reserve Board Vice Chair Michael S Barr in support of a proposal to implement the Basel agreement.
In extensive comments, the GFMA, FIA, the Institute of International Finance, ISDA, the Bank Policy Institute, the International Capital Markets Association and the Financial Services Forum expressed support for the Basel Committee on Banking Supervision design of a prudential framework for the treatment of cryptoasset exposures.
ISDA CEO Scott D. O'Malia welcomed the latest consultation on the prudential treatment of banks' crypto-asset exposures published by the Basel Committee, highlighting its "conservative approach" to risk, "rather than simply imposing onerous capital requirements."