Michael Barr, the Vice Chairman of the Federal Reserve responsible for bank supervision, plans to resign from this position to avoid potential conflicts with incoming President Trump. With his departure, the future of the new capital rules for Bank of America is uncertain. The Federal Reserve stated on Monday that unless a successor is confirmed in advance, Barr plans to step down on February 28. He will continue to serve as a Federal Reserve Governor. Barr stated, "The position of Vice Chairman for bank supervision was established after the Global financial crisis to strengthen the Federal Reserve's transparency and accountability in financial system regulation, and the risk of controversy surrounding this position may distract us from our mission."
Barr辞去美联储银行监管副主席一职 资本金改革规定存在变数
Barr resigned from the position of Vice Chairman for Bank Supervision at the Federal Reserve, and there are uncertainties regarding the capital reform regulations.
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