U.S. Fed Vice Chair For Supervision Michael Barr Says No Decision Yet On Whether To Repropose 'Basel III Endgame' Proposal
Portfolio Pulse from Benzinga Newsdesk
U.S. Federal Reserve Vice Chair for Supervision Michael Barr stated that no decision has been made yet on whether to repropose the 'Basel III Endgame' proposal.
May 15, 2024 | 2:34 pm
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NEUTRAL IMPACT
The uncertainty surrounding the 'Basel III Endgame' proposal could lead to short-term volatility in the SPY ETF, as investors may react to potential regulatory changes affecting the financial sector.
The SPY ETF, which tracks the S&P 500, includes significant exposure to the financial sector. Regulatory changes or uncertainty can lead to volatility in financial stocks, impacting the overall performance of SPY.
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