Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Thursday, December 12, 2013

Keating Discusses Volcker Rule

ABA President and CEO Frank Keating is “cautiously optimistic” that the banking industry will figure out a way to make the Volcker Rule work, he said in an appearance on CNBC’s “Squawk Box” program. “Everyone knew Volcker was coming,” he said. “It’s a reality; let’s try to work it through.”

Keating expressed concern about the growing regulatory burden on banks of all sizes. “The community banks are facing 11,000 pages of proposed and final Dodd-Frank regulations,” he said. “Now, with Volcker, it’s 12,000 pages. It’s a whole new substantial regulatory regimen on the backs of the financial institutions in the United States that have to have a bottom line to compete abroad.”

Watch the interview.

No comments:

Post a Comment

Please read our comment policy before making a comment.