Ahead of the House vote today that will determine the fate of S. 2155 — the bipartisan Senate regulatory reform package — ABA President and CEO Rob Nichols said that the bill “is a huge, important step forward — we hope the first of additional steps — to modernize and appropriately tailor the supervisory framework.”
Browsing: Volcker Rule
The Federal Reserve is “close” to finalizing the Net Stable Funding Ratio, a long-term liquidity measurement included in the Basel III liquidity standards, Federal Reserve Governor Lael Brainard said during a speech in Washington today.
By a bipartisan vote of 300 to 104, the House today passed H.R. 4790, a bill introduced by Reps. French Hill (R-Ark.), Bill Foster (D-Ill.), Randy Hultgren (R-Ill.) and Josh Gottheimer (D-N.J.) that would simplify the Volcker Rule.
The House Financial Services Committee today approved three ABA-backed bills.
On the latest episode of the ABA Banking Journal Podcast, three top ABA leaders break down the Senate passage of S. 2155, the bipartisan regulatory reform bill passed last night, and explore both what’s in the bill and the path ahead for the legislation.
In a speech to a group of international bankers today, Federal Reserve Vice Chairman for Supervision Randal Quarles provided some hints about what might be included in a long-awaited rewrite of the Volcker Rule that banking agencies are currently working on.
Tailoring regulation based on an institution’s size and risk profile is “at the heart of what we’re doing” at the Federal Reserve, Chairman Jerome Powell affirmed today during testimony before the House Financial Services Committee.
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 American Bankers Association today wrote to members of the House Financial Services Committee in support of several bills scheduled for consideration tomorrow.
FDIC Chairman Martin Gruenberg today said he would remain in office after his term expires on Nov. 29 until a successor is confirmed by the Senate.