The House Financial Services Committee considered testimony from witnesses on the impact of, and interaction between, recent regulatory banking proposals to implement Basel standards and increase capital requirements.

Treasury Secretary Janet Yellen described U.S. banking regulators' response to recent bank failures and highlighted Treasury's regulatory approach to risks posed by nonbank financial institutions.

The Federal Reserve Board, the FDIC and the OCC announced that the temporary supplementary leverage ratio, modified in May 2020 to exclude U.S. Treasury securities and central bank reserves, will expire, as scheduled, on March 31.

SIFMA, the American Bankers Association and the Financial Services Forum urged the Federal Reserve Board to extend a temporary interim final rule amending the Supplementary Leverage Ratio.

A final rule promulgated by the OCC, Federal Reserve Board and FDIC that implements a net stable funding ratio requirement for certain large U.S. banking organizations was published in the Federal Register.