Jelena McWilliams Moderates SIFMA’s 2024 Basel III Endgame Roundtable

On April 18, 2024, Cravath partner Jelena McWilliams participated in part II of the virtual SIFMA Basel III Endgame Roundtable. Jelena moderated a roundtable discussion entitled “Overall Reflections on the Proposal and an Evaluation of the Proposal’s Impacts on End Users, U.S. Capital Markets, and the Broader Economy,” which examined the impacts of the Basel Endgame proposal on specific end users, capital market products and segments, as well as its impacts on economic growth and financial stability.

Jelena also moderated a session entitled “Discussion of the Basel Endgame’s Interactions with other Components of the Capital Framework and an Evaluation of the Road Ahead,” which examined the ways in which the Basel framework interacts with other elements of the U.S. capital framework, particularly the Global Market Shock component of the stress testing regime, as well as its potential interactions with the Global Systemically Important Banks surcharge and long‑term debt proposals.