AmericasRSS

US G-SIBs unlikely to meaningfully benefit from proposed changes to CCAR

Proposed changes to CCAR are unlikely to provide much benefit for US US globally systemically important banks.

FDIC vice-chair Hoenig, vocal promoter of tough rules, steps down

Vice chairman of the FDIC Thomas Hoenig is stepping down and will be remembered as vocal critic of big banks and as an advocate for tough prudential regulation.

Proposals for lower capital will benefit trust banks the most

US G-SIB Trust and custodial banks most likely to benefit from proposed leverage ratio and TLAC changes put forward by Fed and OCC.

Strong regulatory buffers for big banks crucial to stable economic growth

A member of the board of governors at the US Federal Reserve warned at a conference over tweaking regulations too much for fear of exacerbating  pro-cyclicality

Senate and House could soon sign off on bill to ease bank rules

The US Senate appears to be close to reaching an agreement with the House of Representatives, which would ease rules for smaller to medium sized banks  

New York Fed fixes ‘mistakes’ in SOFR benchmark

New York Fed finds that forward-settling overnight Treasury repo transactions were inadvertently included in SOFR benchmark.

CFTC promotes changes to swaps rules to include internal models

The CFTC recommends making significant changes to the US regulatory regime governing swaps and derivatives, even allowing for the use of internal models

US Treasury official advises against rushed implementation of NSFR and FRTB

US Treasury official warns against rushing into implementing Basel liquidity and bank trading book rules

High court judgement potentially narrows whistleblower protections

A high court judgement could reduce protection under the Dodd-Frank and Sarbanes-Oxley acts for whistleblowers to report suspected violations of securities laws, such as insider trading. By Justin Pugsley.

Jeb Hensarling

US Treasury advocates a more rules-based bank resolution process

In its fourth report on reforming the US financial system, the US Treasury has once again steered away from advocating radical action. It would make relatively little change to the current US infrastructure for resolving a large failing bank.

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