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

Friday, December 2, 2016

House Passes ABA-Advocated SIFI Designation Bill

The House has passed, by a bipartisan vote of 254 to 161, the Systemic Risk Designation Improvement Act, a bill strongly advocated by ABA and the state bankers associations. Introduced by Rep. Blaine Luetkemeyer (R-Mo.), the bill eliminates the automatic designation of banks as systemically important based solely on asset size and directs regulators to develop a formal process for making SIFI designations that considers variations in banks’ asset size, business model and risk profile. Twenty Democrats voted in favor of the bill.

ABA President and CEO Rob Nichols applauded the passage of the bill. He said
This bill recognizes that size-only regulation is needlessly burdensome, increases costs and reduces products and services available to bank customers. The most effective and value-added supervision system is one that is risk-based and individually tailored, taking into account a wide variety of factors relevant to a bank’s size, business model, complexity and other areas.

Read Nichols' statement.

No comments:

Post a Comment

Please read our comment policy before making a comment.