FSOC Emphasizes Role of Regulatory Reform in Driving Growth
Recalibrating regulations is a key part of financial agencies’ role in promoting economic growth, the Financial Stability Oversight Council said today in its annual report.
Recalibrating regulations is a key part of financial agencies’ role in promoting economic growth, the Financial Stability Oversight Council said today in its annual report.
On the latest episode of the ABA Newsbytes Podcast, Jeffrey Ball — president and CEO of Friendly Hills Bank, Whittier, Calif. — discussed several emerging issues in public policy — including banks’ role in financial innovation and protecting consumers, as well as the increasingly urgent need to address banking marijuana-related businesses.
During testimony before the Senate Banking Committee today, Federal Reserve Chairman-Designate Jerome Powell expressed general support for the Senate’s bipartisan framework for regulatory reform, which he referred to as “workable” and “sensible.”
As regulatory reform bills advance, Congress should replace asset thresholds with supervisory requirements tailored to the activities of banks, FDIC Vice Chairman Thomas Hoenig wrote in an American Banker op-ed today.
Numerous regulatory relief proposals long backed by ABA are included in a bipartisan deal announced today by Senate Banking Committee Chairman Mike Crapo (R-Idaho).
Size alone is not sufficient to identify systemically important banks, according to a report issued today by the Treasury Department’s Office of Financial Research.
Fifty-one state bankers associations today wrote to members of the Senate Banking Committee encouraging lawmakers to continue pursuing the goal of bipartisan regulatory reform.
Congressional leaders and the Trump administration are working on a plan to raise the asset threshold for systemically important financial institutions to at least $200 billion, National Economic Council Director Gary Cohn said today at ABA’s Annual Convention in Chicago.
The House Financial Services Committee today advanced eight ABA-backed regulatory reform bills, including several that ABA and the state bankers associations have long championed as part of ABA’s Blueprint for Growth.
In advance of the House Financial Services Committee’s plans to vote on several regulatory reform bills tomorrow and Friday, ABA today sent a memo to committee members outlining the association’s support for 10 bills on the agenda.