Basel IV: where is the US?

Author: Lizzie Meager | Published: 6 Jun 2017

The Basel Committee has been unable to finalise its much-derided rules on bank capital (named Basel IV by the market) while US President Donald Trump fills key positions in his government.

Reaching an agreement on the reforms has been complicated by conflicting views on so-called output floors, which help banks to estimate asset risks. The US is a major advocate of the floor and has always been sceptical of internal models in the name of ensuring a level playing field, while European banks and regulators argue that the models are more accurate.

Trump has yet to fill several key Fed positions

Federal Reserve governor Daniel Tarullo resigned in February after seven years in the position. The new administration is yet to fill the role, along with three of the seven other seats on the board. Basel talks were put on hold during this period.

But a briefing note from the...



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb