Joint Release/U.S. Banking Agencies Support Conclusion of Reforms to International Capital Standards — 2017-12-07

For Release at 3:30 p.m. ET December 7, 2017 U.S. Banking Agencies Support Conclusion of Reforms to International Capital Standards The federal banking agencies on Thursday announced their support for the conclusion of efforts to reform the international bank capital standards initiated in response to the global financial crisis. The Governors and Heads of Supervision and the Basel Committee on Banking Supervision Thursday announced the finalization of the reforms to the "Basel III" agreement on bank capital standards. With this agreement, the Basel Committee will bring to conclusion the international reforms initiated in response to the global financial crisis. The Basel III agreement, which was designed for internationally active banks, was introduced in 2010 and was instrumental in establishing revised minimum standards that increased both the quality and quantity of regulatory capital.