Browsing: SIFIs


ABA SVP Doug Johnson will testify tomorrow before a Senate Judiciary subcommittee hearing on cyber crime and the legal framework for information security. The Senate Banking Committee will meet tomorrow to discuss the role of the Basel, Switzerland-based Financial Stability Board in U.S. bank regulation.

Meanwhile, the House Financial Services Committee will hold several bank-related hearings this week. Tomorrow, the panel will discuss the designation and regulation of systemically important bank holding companies; former ABA Chairman Harris Simmons, chairman and CEO of Zions Bancorporation in Salt Lake City, will testify.

On Thursday, the House panel will also hold a five-year retrospective on Dodd-Frank. The House Judiciary Committee will meet on Thursday to examine financial institution bankruptcy.


The Federal Reserve is pursuing improvements to the stress testing process of systemically important banks, Fed Vice Chairman Stanley Fischer said today in a speech at a conference in Stockholm. In addition asking for feedback from financial institutions, the Fed asked market analysts and academics to come forward with suggestions on “how to overhaul the process,” Fischer said.


The Dodd-Frank Act’s asset threshold for systemically important financial institutions is set too low and should be replaced by a more tailored approach, ABA President and CEO Frank Keating said in a letter to the editor published Sunday in the Washington Post.

Community Banking

Senate Banking Committee Chairman Richard Shelby (R-Ala.) today released a draft of a sweeping financial reform bill that would provide regulatory relief for banks of all sizes, tailor the regulatory structure for systemically important banks and begin restructuring within the Federal Reserve System and at Fannie Mae and Freddie Mac.

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