The Brookings Institution hosted a virtual event featuring Michael Barr, a member of the Federal Deposit Insurance Corporation (FDIC) from 2011 to 2018, to discuss the Basel III regulatory framework for banks. Basel III aims to strengthen the regulatory, supervisory, and risk management frameworks for the banking sector. Barr shared his insights on the current state of Basel III implementation and the challenges that remain. He emphasized the importance of addressing data gaps and ensuring consistent implementation across jurisdictions.
