On May 13, the Basel Committee released a press release which reiterated its expectation to implement all aspects of the Basel framework, such as the Basel III “Endgame” proposal, in “full, consistently and as soon as possible.” The Basel III reforms were announced by the Basel Committee in 2017 and included liquidity requirements which brought much debate among U.S. legislators. The Committee’s statement contrasts some outstanding questions on the U.S.’s decision to implement the banking reforms. For instance, Congressional democrats penned a letter in February urging U.S. banking regulators to codify the final rule changes (covered by InfoBytes here), yet the House Financial Committee’s Chairman, Patrick McHenry (R-NC), urged banking regulators in March to reconsider the Basel Committee’s proposal (covered by InfoBytes here).