Ahead of the House vote today that will determine the fate of S. 2155 -- the bipartisan Senate regulatory reform package -- ABA President and CEO Rob Nichols said that the bill “is a huge, important step forward -- we hope the first of additional steps -- to modernize and appropriately tailor the supervisory framework.”

In remarks at a Harvard Law School event today, Federal Reserve Vice Chairman for Supervision Randal Quarles signaled that the Fed and the FDIC will revisit the capital and liquidity requirements in place for the largest U.S. and foreign firms and will seek public input on current “living will” guidance.

The Federal Reserve and the OCC today proposed a rule that would tailor the enhanced supplementary leverage ratio that applies to the largest U.S. banking organizations.

To facilitate compliance with their rules regarding qualified financial contracts of systemically important banks, the federal banking agencies today proposed a rule clarifying that legacy swaps -- those entered into before the margin rules’ compliance dates -- do not become subject to margin requirements provided they are amended solely to comply with QFC rules.

A group of six Republican senators led by Sen. Tom Cotton (R-Ark.) wrote to President Trump yesterday calling on him to address the role of the Basel, Switzerland-based Financial Stability Board with respect to U.S. regulatory framework.

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.

While the financial system is more resilient today than in the years before the financial crisis, new vulnerabilities -- including market risk and cyber risk -- continue to pose threats to financial stability, the Office of Financial Research said in its financial stability report released today.

The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency requirements.

The Office of Financial Research today introduced two new monitoring tools to assist with tracking and measuring of factors that pose risks to financial stability.

The number of worldwide correspondent banking relationships continues to decline, according to new figures released yesterday by the Basel, Switzerland-based Financial Stability Board.