Hearing Bank Criticisms, Barr Fires Back on Basel

Also, Black and Hispanic lawmakers ready to raise worries about capital plan; Labor's fiduciary rule brings out supporters, and opponents, in force; X hack adds to SEC's Bitcoin ETF headaches

Michael Barr, in his first public remarks of the year, came out swinging against banks’ criticisms of his effort to boost capital levels. The Fed vice chair for supervision particularly pushed back on claims that a tough rule will put U.S. lenders at a competitive disadvantage to their foreign rivals. 

“It’s fair to say that the U.S. banking system has h…