Tag Archives: SIFIs

House Republicans Press Yellen on CCAR Transparency, Efficiency

A group of House Republicans led by Reps. Blaine Luetkemeyer (Mo.) and Keith Rothfus (Pa.) today wrote to Federal Reserve Chairman Janet Yellen urging her to take action to increase the transparency and efficiency of the Fed’s Comprehensive Capital Analysis and Review process for bank holding companies with more than $50 billion in assets, including removing the qualitative assessment process for all CCAR banks.

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Financial Choice Act Clears House Committee

The House Financial Services Committee today voted to advance the Financial Choice Act, Chairman Jeb Hensarling’s (R-Texas) sweeping, 600-page bill aimed at reforming parts of the Dodd-Frank Act’s extensive supervisory regime and providing regulatory relief for banks.

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Fed’s Powell: Some Post-Crisis Regs ‘Unnecessarily Burdensome’

Noting that the U.S. financial system is “without a doubt far stronger” than it was before the crisis, Federal Reserve Governor Jerome Powell said today that the collective weight of post-financial crisis rules are too complex and that some of them are burdensome and may not be needed at all -- especially in a context of sluggish productivity and GDP growth that calls for banks to “devote as much of their resources as possible to supporting economic growth.”

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Studies: Obama-Era Rules May Hinder Growth and Harm Competition

The first broad-scale academic assessment of new financial rules and standards put in place during the Obama presidency -- including the Dodd-Frank Act, Basel III and the CARD Act -- finds “causes for concern” about the impact of the rules on growth, credit availability and competition.

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Regulators Clear Living Wills for Regional, Card Banks

The FDIC and Federal Reserve announced today that they had reviewed resolution plans submitted in December 2015 by 16 regional and credit card banks and that none were found "not credible" or inadequate to facilitate an orderly resolution under the Bankruptcy Code.

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Fed, OCC Release 2017 Stress Test Scenarios

The Federal Reserve today released the three economic and financial market scenarios that it will use in the next round of the Comprehensive Capital Analysis and Review process for 34 of the nation’s largest financial institutions, including one participating in CCAR for the first time.

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