Barr Backs Down on Basel
Also, Gensler suggests his rulemaking agenda is slowing; FDIC to meet on merger and fintech policies
It was a chastened Michael Barr who walked to the podium at the Brookings Institution today and gave a speech he hadn’t intended to make, outlining a major retrenchment of his Basel endgame plan.
“Life gives you ample opportunity to learn – and relearn – the lesson of humility,” the Fed vice chair for supervision said, responding to a question on whether…