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Fed governorsCNBC
•Business
Business & Economics
88% Informative
Federal Reserve Vice Chair for Supervision Michael Barr said he plans to step down from his role by next month .
The early departure of the Federal Reserve's top financial regulator allows for a more industry-friendly official to take his place.
Barr led the interagency effort to draft the sweeping Basel Endgame , whose initial version would've boosted capital requirements for the world's largest banks by roughly 19% .
VR Score
91
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92
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55
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English
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62
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8
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6
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