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

Tuesday, January 14, 2014

Hensarling, Garrett Fault SEC on Volcker Rule Analysis

House Financial Services Committee Chairman Jeb Hensarling (R-Texas) and Rep. Scott Garrett (R-N.J.) asked SEC Chair Mary Jo White why the agency did not conduct an economic analysis prior to finalizing the Volcker Rule.

“The liquidity and depth of the corporate bond market -- where thousands of U.S. businesses that create millions of jobs go to raise funds -- will likely by adversely impacted by the Volcker Rule,” Hensarling and Garrett said. “As a result, U.S. capital markets used by businesses and investors to hedge their exposures could see wider spreads and decreased liquidity thereby increasing business risk.”

The lawmakers requested by Jan. 24 a justification from White for not conducting an economic analysis.

Read the letter.

No comments:

Post a Comment

Please read our comment policy before making a comment.