SIFIs

Prudential is no longer a SIFI. Now what?

10/17/18

The administration says it wants to focus on risky activities as opposed to individual nonbank firms. But there are big questions with that.

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Prudential, the last nonbank SIFI, sheds the label

10/17/18

The Financial Stability Oversight Council announced Wednesday that it was rescinding the SIFI label for Prudential, a culmination of almost a decade of fierce debate about how regulators should address the risk of nonbank financial firms.

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BofA’s missed opportunity; Seeing the bad in earnings

10/15/18

BofA hasn’t taken advantage of the benefits of owning Merrill Lynch; weakness seen despite stronger bank earnings.

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CRA, capital rules, reg relief: Regulators’ busy fall to-do list

10/05/18

The heavy workload is not limited to implementing the financial regulatory reform bill enacted last spring, as the agencies also work to craft reforms of the Community Reinvestment Act and adjust key capital measures for the biggest banks.

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Sanders bill would force breakup of 6 largest banks

10/03/18

The legislation would require the restructuring of financial institutions that have a total exposure exceeding 3% of the nation’s GDP.

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Take your time, hurry up: The conflicting orders on reg relief

10/02/18

Financial regulators sought to walk a fine line Tuesday between reassuring Republican senators that they are quickly implementing regulatory relief and defending themselves against Democratic criticism that they are going too fast.

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Regulators may provide relief to banks above $250B of assets: Fed's Quarles

10/01/18

Fed Vice Chairman of Supervision Randal Quarles said in written tstimony that the central bank plans to move quickly to determine how to regulate banks between $100 billion and $250 billion of assets, and that it may provide also relief for banks over the $250 billion threshold.

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Lawmakers urge Fed to follow through on reg relief for midsize banks

09/28/18

Republicans are calling on the central bank to relieve all banks with less than $250 billion of assets from enhanced supervision that was established after the crisis.

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FSOC to detail new approach to nonbank supervision: Treasury official

09/12/18

Dodd-Frank authorized the council to designate specific nonbanks for tougher supervision, but the Trump administration has signaled support for "activities-based" designations.

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FSOC removes Zions' systemic risk label

09/12/18

The interagency council voted in favor of the bank's application to remove its designation, though the practical effect of the decision is muted by the regulatory relief law passed this spring.

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