In written responses to Senate Finance Committee members following his confirmation hearing, Trump Treasury secretary nominee Steven Mnuchin strongly endorsed efforts to provide regulatory relief for regional, midsize and community banks.
Browsing: Midsize banks
ABA today released a new members-only tool—the ABA Sales Practice and Incentive Compensation Risk Assessment Matrix—to help member banks assess and manage risks posed by their sales practices and incentive compensation programs.
President-Elect Donald Trump today announced that he will nominate banker Steven Mnuchin to serve as treasury secretary. Mnuchin served most recently as Trump’s campaign finance chairman.
ABA and the Financial Services Roundtable last week filed comments on the Federal Reserve’s September proposal that would exempt many regional banks from the complex qualitative requirements of its annual Comprehensive Capital Analysis and Review, or CCAR, process.
The $50 billion asset threshold in the Dodd-Frank Act for designation as a systemically important financial institution was a “mistake,” former Rep. Barney Frank (D-Mass.) said in a radio interview yesterday.
In a letter to the heads of the federal banking agencies today, ABA President and CEO Rob Nichols said it was time for regulators to revisit the numerous asset thresholds at which different regulatory frameworks begin to apply.
Banks of all sizes fuel advanced manufacturing innovation, growth and jobs.
The Federal Reserve today released a proposed rule that would exempt many regional banks from the complex qualitative requirements of its annual Comprehensive Capital Analysis and Review, or CCAR, process.
The full House is expected later this week to vote on the ABA-advocated Systemic Risk Designation Improvement Act (H.R. 1309), which would eliminate the automatic designation of banks as systemically important based solely on asset size.