Fed's Jefferson Says Fed Staff Working 'Diligently' On Basel III Proposal, Expected To Be Issued For Public Comment Soon
Portfolio Pulse from Happy Mohamed
Federal Reserve's Jefferson announced that the Fed staff is working diligently on the Basel III proposal, which is expected to be issued for public comment soon.
May 31, 2023 | 5:31 pm
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NEUTRAL IMPACT
The upcoming Basel III proposal may impact the financial sector, potentially affecting the SPY ETF.
The Basel III proposal is a regulatory framework aimed at strengthening the financial sector. As SPY is an ETF that tracks the S&P 500, it includes financial sector stocks. The proposal may have an indirect impact on SPY, depending on the final regulations and their effect on the financial sector.
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