House Passes ABA-Backed Liquidity Bill
The House today passed H.R. 1624, a bipartisan, ABA-backed bill that would expand banks’ ability to count municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio.
Browsing: Municipal finance
ABA Urges SEC to Withdraw, Revise Secondary Muni Market Disclosure Proposal
Expressing support for disclosure requirements for direct loans and purchases in the secondary municipal securities market, ABA expressed concern today that the Securities and Exchange Commission’s proposal for disclosures is overbroad and excessively burdensome.
ABA Raises Concerns on CUSIP Number Proposal
ABA today commented on the Municipal Securities Rulemaking Board’s Rule 34-G proposal to require muni dealers to obtain CUSIP numbers for new issue securities sold in private placement transactions.
ABA-Supported Liquidity Definition Bill Introduced in Senate
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.
ABA Wins Additional Relief on Liquidity Definition
The Federal Reserve today issued its final rule counting certain municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio — a step ABA has long advocated.
ABA Endorses FTN Financial’s Municipal Credit Review Platform
Through its Corporation for American Banking subsidiary, ABA today endorsed FTN Financial’s platform for municipal credit review and monitoring.
House Passes ABA-Advocated Liquidity Bill
The House today agreed by voice vote to pass H.R. 2209. The bill, which is part of ABA’s Agenda for America’s Hometown Banks, would further expand the ability of banks to count municipal securities as high-quality liquid assets under the Liquidity Coverage Ratio.
ABA-Advocated Bills to Get Committee Vote This Week
The House Financial Services Committee is expected to vote this week on several bipartisan bills that are part of ABA’s Agenda for America’s Hometown Banks. H.R. 1309, introduced by Rep. Blaine Luetkemeyer (R-Mo.) with 112 bipartisan co-sponsors, would eliminate the automatic designation of banks as systemically important based solely on asset size, recognizing that regulators should consider many different components of risk.
ABA Comments on Disclosure for Muni Loans
ABA yesterday urged the National Federation of Municipal Analysts to remove from its draft recommended best practices a requirement to disclose bank loans to municipalities in advance of loan closing.