Fed warns of Dodd-Frank clash with Basel III

Capitol Hill in Washington DC

Mark Van Der Weide, a senior associate director in the division of banking supervision and regulation at the Federal Reserve, warned on Wednesday that removing references to credit rating agencies from US regulations would clash with the wording of the Basel III rules.

Van Der Weide spoke before the subcommittee on oversight and investigations, part of the committee on financial services at the House of Representatives in Washington, DC, and said the Fed needed to synchonise its regulatory

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