2024-05-01T16:56:16-04:00May 1st, 2024|2- Daily Briefing|

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.