The House today voted unanimously to pass the American Bankers Association-supported H.R. 4292, which would extend the submission cycle for large bank resolution plans — also known as “living wills” — to once every two years and require timely regulator feedback.
Speaking at a legal conference in Washington today, Federal Reserve Vice Chairman for Supervision Randal Quarles provided a status update on five key areas where the Fed is making regulatory changes and outlined three future areas of focus.
The Federal Reserve today proposed new guidance setting forth its core principles of effective risk management by large banks, including expectations for senior management, business line management and independent risk management and controls.
The House today passed H.R. 3312, the Systemic Risk Designation Improvement Act of 2017.
ABA today wrote to House leaders in support of H.R. 3312, the Systemic Risk Designation Improvement Act of 2017 — a key part of the association’s Blueprint for Growth — which is expected to be up for consideration before the full House tomorrow.
ABA today applauded the passage of S. 2155, the bipartisan regulatory reform bill championed by Sen. Mike Crapo (R-Idaho) and a group of moderate Democrats on the committee.
For the second year in a row, the Federal Reserve today said that the countercyclical capital buffer for banking organizations using the Basel III advanced approaches will remain at zero percent.
The Basel, Switzerland-based Financial Stability Board today updated its list of global systemically important banks subject to supplemental loss absorbency requirements.
Numerous regulatory relief proposals long backed by ABA are included in a bipartisan deal announced today by Senate Banking Committee Chairman Mike Crapo (R-Idaho).
Size alone is not sufficient to identify systemically important banks, according to a report issued today by the Treasury Department’s Office of Financial Research.