Fed Governor Daniel Tarullo gave a speech on Friday to the American Bar Association where he discussed international efforts on bank regulation. He reviewed the steps that have yet to be taken to complete the reforms of capital and liquidity standards and he discussed priorities for the financial regulation of cross-border firms. He also discussed Basel implementation, where he emphasized that the U.S. will not be implementing fully, because of its dependence on credit ratings.
Read Governor Tarullo's speech.
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