In testimony before the Senate Banking Committee today, Federal Reserve nominee Michelle Bowman highlighted the critical role that community banks play in growing the economy, and offered support for more closely tailored regulation for these institutions.

In New York City, more than 1.3 million rental homes and apartments have rents that are stabilized, controlled or otherwise regulated. These units account for more than 60 percent of New York City’s overall rental market and over 40 percent of all occupied housing in the city. While economists debate the merits of rent stabilization policy, the owners of these ...

Testifying before the House Financial Services Committee this morning, Federal Reserve Vice Chairman for Supervision Randal Quarles outlined several ways in which the Fed has already or is in the process of tailoring the post-crisis regulatory framework to promote efficiency, transparency and simplicity.

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.

The Federal Reserve today issued a proposal that would seek to more closely align the Fed’s forward-looking stress testing results with its non-stress capital requirements for banks with $50 billion or more in assets by basing capital requirements on stress test performance.

ABA today asked the Federal Reserve to provide additional clarity around its proposed guidance setting forth core principles for effective risk management for banks with more than $50 billion in assets and foreign banking organizations with at least $50 billion in U.S. assets.

In a bipartisan 67-31 vote, the Senate tonight passed S. 2155, the bipartisan regulatory reform bill crafted by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Sens. Jon Tester (D-Mont.), Heidi Heitkamp (D-N.D.), Mark Warner (D-Va.) and Joe Donnelly (D-Ind.).

The Treasury Department today issued a report recommending important changes to the Dodd-Frank Act’s orderly liquidation authority, which provides a mechanism for the FDIC and Federal Reserve to wind down a systemically important but failing financial institution with minimal harm to the broader financial system.

In a comment letter to the Federal Reserve today, the American Bankers Association raised concerns about the Federal Reserve’s proposed supervisory rating scale for large bank holding companies with more than $50 billion in assets.

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.