House of Representatives to give community banks more options

US House of Representatives votes to give community financial institutions more leeway to raise capital.

CLO legal victory could free other structured products from risk retention rule

A legal victory for the CLO sector opens the possibility that other securitised products could be exempt from risk retention rules.

SEC makes $1.658bn budget request

The SEC seeks to increase its budget by 3.5% to beef up its cybersecurity, IT, data and risk capabilities.

Quarles: improvements in US regulation “inevitable”

US agencies should be able to improve the US financial regulatory system thanks to the benefit of experience and hindsight.

Treasury: regulators should retain the right to dismantle

A US Treasury report acknowledges that US regulatory agencies should continue to play a key role in dealing with the failure of large complex financial institutions as it steps back from recommended that this should simply be dealt with under US bankruptcy laws.

Janet Yellen

Will Yellen’s Wells Fargo asset cap set a precedent for punishing governance failures?

One of Janet Yellen’s last actions as chair of the US Federal Reserve was to slap a total asset cap on Wells Fargo following a string of governance failures. But there are questions over whether or not this sets a new precedent for tough sanctions, particularly given the administration’s focus on cutting red tape for banks   

Fed’s Quarles calls for more clarity around Volcker rule

In a recent speech the head of supervision at the US Federal Reserve called for more clarity around key definitions contained in the Volcker Rule.

Fed to publish new interest rate reference rates from April

New York Fed prepares to publish new interest rate benchmarks for US dollars from April.

Senate looks set to ease rules for big banks

US Senate looks set to liberate a raft of large banks from too-big-to-fail rules by raising the thresholds from where they would apply.


Making America’s regulatory system great again

Keith Noreika, the former acting Comptroller of the Currency, talks to GRR about his time as a regulator and discusses how parts of the US regulatory system might be reformed under the Trump administration 

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