Barr去年11月被问及如果特朗普试图解除他之位，他会怎么做，当时Barr表示计划完成整个任期。他作为监管副主席的任期定于2026年7月结束。Michael Barr, the Vice Chairman responsible for bank regulation at the Federal Reserve, plans to resign from this position to avoid potential conflicts with incoming President Trump. With his departure, the future of the new bank capital regulations in the USA is uncertain.
The Federal Reserve announced on Monday that unless a successor is confirmed in advance, Barr plans to step down on February 28. He will continue to serve as a Governor of the Federal Reserve.
Barr stated, "The position of Vice Chairman responsible for bank regulation was established after the Global financial crisis to enhance the Federal Reserve's transparency and accountability in financial system regulation. The risk of controversy surrounding this position may distract us from our mission."
Michael Barr, the Vice Chairman responsible for bank regulation at the Federal Reserve.
When asked last November what he would do if Trump attempted to remove him from his position, Barr indicated that he planned to complete his entire term. His term as Vice Chairman of Regulation is set to end in July 2026.
Bank capital proposals.
Barr's departure casts a shadow over the requirement for major Banks in the USA to hold more capital.
After the Federal Reserve announced that Barr would step down, the KBW Nasdaq Bank Index rose 2.4%, reaching its highest intraday level since December 16.
Barr has been a key participant in the proposal, while the financial industry has actively lobbied against the new regulation aimed at increasing capital. Currently, the new regulation requires large banks in the USA, like Citigroup, JPMorgan, and Goldman Sachs, to raise their capital by 19%.
He previewed in September a proposed rule that would reduce this increase to 9%. Reports indicate that the revisions have faced opposition from at least three of the five Directors of the Federal Deposit Insurance Corporation.
