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
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Deposit Insurance
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, October 20, 2015

Fed’s Brainard Lists Reg Relief Measures With ‘Greatest Promise’

Federal Reserve Governor Lael Brainard at an EGRPRA outreach meeting listed several areas that she believes “hold the greatest promise to reduce undue regulatory burden.” Many areas mentioned correspond to items on ABA’s Agenda for America’s Hometown Banks.

For example, Brainard noted that the Fed is exploring options for allowing smaller banks to achieve the goals of Basel III by holding a larger cushion of capital measured against a simpler definition of assets. ABA and the state bankers associations first proposed such relief for highly capitalized banks to regulators last year.

Brainard also suggested Congress should review the costs and benefits of the Dodd-Frank Act stress tests required of banks between $10 billion and $50 billion in assets, and she echoed ABA suggestions that banks with less than $10 billion in assets be exempt from the Volcker Rule. Other relief measures the Fed is considering include adjusting appraisal thresholds for small dollar real estate loans and expanding the number of banks eligible for the 18-month exam cycle.

Read Brainard’s remarks.

No comments:

Post a Comment

Please read our comment policy before making a comment.