Browsing: Newsbytes

Tax and Accounting

Senior House Financial Services Committee member Blaine Luetkemeyer (R-Mo.) and Ranking Member Patrick McHenry (R-N.C.) today wrote to Securities and Exchange Commission Chairman Jay Clayton expressing concerns about the coming CECL loan loss accounting approach and its effects on markets and investors.

Policy

As part of their efforts to mitigate financial stability risks associated with connections among the largest banks, the federal banking agencies today proposed a rule that would discourage the largest banks from purchasing large amounts of total loss-absorbing capacity debt issued by other large banks.

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