Andy Gladin Comments on Delay of Basel III Capital and Liquidity RulesNovember 9, 2012
On November 9, the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency confirmed the delay of the implementation of the Basel III capital and liquidity rules. Mr. Gladin commented on the delayed regulations in the article, “Community Banks Score Victory as U.S. Delays Basel III,” published in the November 12 issue of American Banker. “Today's joint announcement appears to confirm that the federal banking agencies recognize the implementation of Basel III in the U.S. raises significant and complicated issues on a variety of fronts as evidenced by the many comment letters that have been submitted,” Mr. Gladin noted. “Given the potential impact of these rules not only on banks, but also for the broader economy, this announcement is an encouraging sign that the agencies will be taking the necessary time to work through these issues.” A revised timeline for when the rules will go into effect has not been released.