OpenAI CEO, Bank Officials to Speak at Fed Bank-Capital Meeting
(Bloomberg) -- The Federal Reserve outlined the agenda for its July 22 conference on banks' capital requirements, which will feature discussions on the Basel III endgame, the stress testing framework, the capital surcharge for the largest lenders and leverage requirements.
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The event will include OpenAI Chief Executive Officer Sam Altman, bank executives and academics, among others.
'The conference will allow for expert discussions on whether capital requirements are operating as intended and the interconnections between different requirements,' Vice Chair for Supervision Michelle Bowman said in a statement Thursday.
Other speakers at the conference will include former Vice Chair for Supervision Randal Quarles, Morgan Stanley Chief Financial Officer Sharon Yeshaya, Bank of America Corp. CFO Alastair Borthwick and Christina Parajon Skinner, an assistant professor at the Wharton School of the University of Pennsylvania.
Bowman, who was recently confirmed as the Fed's top bank cop, outlined an ambitious agenda earlier this month — from reviewing the confidential ratings of larger banks to insulating community banks from requirements targeting bigger firms.
The central bank unveiled plans earlier this week to roll back a key capital rule that big banks have said limits their ability to act as intermediaries in the $29 trillion market.
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