Warren slams push to revise supplementary leverage ratio

Powell: Fed is reviewing Basel III, supplemental leverage ratio rules

During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote on a proposal to revise the supplemental leverage ratio for large banks. If finalized as ori…

Warren slams push to revise supplementary leverage ratio

Senate Banking Committee ranking member Elizabeth Warren, D-Mass., sent a letter to banking regulators Monday urging them to preserve the enhanced Supplemental Leverage Ratio, warning that a rollback would only enrich bank shareholders.