Browsing: Regulatory burden
In Talk on Post-Crisis Regs, Yellen Embraces ‘Appropriate Adjustments’
Speaking to the annual monetary policy conference in Jackson Hole, Wyo., today, Federal Reserve Chairman Janet Yellen offered a broad defense of the post-financial crisis regulatory framework but embraced “appropriate adjustments” as the economy and global landscape evolve.
Luetkemeyer: Time to Rethink Regulatory Treatment of Internationally Active Banks
With the European Union contemplating more stringent regulatory capital rules for U.S. and non-EU headquartered systemically important financial institutions, Rep. Blaine Luetkemeyer (R-Mo.) today wrote to Federal Reserve Chairman Janet Yellen urging the Fed to reevaluate its own regulatory treatment of international banks.
Looking at Fintech through the Legislative Lens
A conversation with congressional financial technology leader Randy Hultgren.
In First Step to Simplify Capital Rules, Agencies Pause Basel III Phase-In for Most Banks
The Federal Reserve, FDIC and OCC today issued a proposed rule that would pause the transition to the Basel III capital framework for banks not using the Basel advanced approaches.
SBA Seeks Feedback on Burdensome, Excessive Regulations
In response to President Trump’s executive order requiring all federal agencies to reduce regulatory burden, the U.S. Small Business Administration has issued a request for input on regulations could be repealed, replaced or modified.
Lawmakers Call for Harmonization of Cybersecurity Regulations
A bipartisan group of lawmakers yesterday called for greater coordination on cybersecurity regulations among federal financial services regulators.
Survey: Compliance Officers Assess Reg Burden, Benefits
Banks continue to grapple with regulatory burden and question whether the new rules protect consumers, according to ABA’s biannual Survey of Bank Chief Compliance Officers released this week.
OCC Requests Comment on Volcker Rule Improvements
The OCC today issued a request for comment on revisions to the Volcker Rule.
ABA Recommends Changes to BSA/AML Regulations
In a comment letter to the Treasury department yesterday, ABA provided extensive feedback on several Bank Secrecy Act and anti-money laundering regulations that could be eliminated, modified or streamlined to reduce the compliance burden on banks in response to an executive order issued by President Trump earlier this year.