House Financial Services Committee Chairman Jeb Hensarling (R-Texas) today released the latest legislative text of his Financial Choice Act, a 600-page bill aimed at rolling back and reforming parts of the Dodd-Frank Act’s extensive supervisory regime, as well as providing regulatory relief for banks of all sizes.
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.
Sens. Mike Rounds (R-S.D.) and Mark Warner (D-Va.) today reintroduced a bipartisan bill that would expand banks’ ability to count municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio.
In response to President Trump’s executive order outlining “core principles” for financial regulation, ABA submitted feedback to the Treasury Department today on changes needed to address the “destabilizing effects” of the Basel III liquidity standards.
A joint comment letter by ABA and several financial trade groups today highlighted the differences between U.S. and European Union proposals for the Net Stable Funding Ratio, a long-term liquidity measurement included in the Basel III liquidity standards.
The Federal Reserve today approved a final rule specifying how large banking organizations must make quarterly disclosures of their liquidity coverage ratios.
The Federal Reserve Board today issued an interim final rule delaying certain filling filing deadlines for banks required to submit the FR Y-15, the Banking Organization Systemic Risk Report.
Sens. Mike Rounds (R-S.D.), Mark Warner (D-Va.) and Chuck Schumer (D-N.Y.) today introduced an ABA-backed bill that would expand the ability of banks to count municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio.
After eight years of sluggish economic growth, despite the most accommodative stretch of monetary policy in the nation’s history, two trade group chiefs argued that excessive bank regulation may be to blame.
The proposed Net Stable Funding Ratio — a long-term liquidity measurement included in the Basel III liquidity standards — is structurally flawed and unnecessary for U.S. financial stability, ABA told the federal banking agencies in a comment letter today.