Treasury Urged to Consider Green Bonds
The Treasury Borrowing Advisory Group’s latest report to the Treasury includes a proposal that the U.S. join other sovereigns and issue “green bonds.” The recommendation comes in a “blue-sky” assessment of Treasury obligations suggesting that Treasury also explore other new instruments such as callable bonds.
Powell Says No Decision on Basel 3 Reproposal
Refuting coverage earlier today that the FRB does not plan to repropose the Basel end-game rules, Chair Powell today said that the central bank has made no decisions yet on either policy or process beyond a commitment to final standards faithful to the global rules and comparable to those in other jurisdictions. The chair acknowledged that the end-game rules are taking up so much time that other initiatives may be on hold.