Top of the Agenda OCC Should Undertake an Open Transparent Process Before Considering a New Payments Charter BPI joined with six other leading financial trade associations in sending a letter… Continue Reading
August 1
July 31
Bank Intermediation in Financial Markets Under Stress
During March and early April of this year, the COVID-19 crisis caused U.S. financial markets to freeze up. Even the markets for U.S. Treasury securities, normally the most liquid financial… Continue Reading
July 30
Banking and Consumer Groups Urge Congress to Close ILC Loophole
Dear Chairman Crapo, Ranking Member Brown, Chairwoman Waters, and Ranking Member McHenry, The Center for Responsible Lending, Bank Policy Institute, and Independent Community Bankers of America are writing to urge… Continue Reading
July 30
The LCR Catch-22 — to Disclose, or Not to Disclose
Approximately six weeks after the end of each quarter, bank holding companies are required to publish their average liquidity coverage ratio (LCR) over the quarter, as well as the granular… Continue Reading
July 29
Joint Trades Submit Letter to OCC in Response to Proposed Payments Charter
Brian Brooks Acting Comptroller of the Currency Office of the Comptroller of the Currency 400 7th St SW Washington, DC 20219 Dear Acting Comptroller Brooks, The undersigned trade associations representing… Continue Reading
July 28
Supervisory Stress Tests for Loan Losses: A Five-Year Overview With Reflections on the Need for Greater Transparency
On June 25, the Federal Reserve Board released the results of its stress tests for 2020 for both the regular, planned stress test initiated prior to the onset of COVID-19… Continue Reading
July 25
July 25, 2020
Top of the Agenda What Is Next for Capital Regulation? Hard Choices About Dynamism and Procyclicality On June 25, the Federal Reserve announced the results of its annual stress test,… Continue Reading
July 24
What Is Next for Capital Regulation? Hard Choices About Dynamism and Procyclicality
On June 25, the Federal Reserve announced the results of its annual stress test, supplemented by an ad hoc sensitivity analysis that was run in parallel. These results were accompanied… Continue Reading
July 23
Congress Should Pass Anti-Money Laundering Reform Legislation Now
On July 21, the House passed legislation to modernize the U.S. anti-money laundering/countering the financing of terrorism (AML/CFT) framework. The Maloney-Cleaver Amendment, which was added to the William M. (Mac)… Continue Reading
July 20
BPI and Other Leading Financial Trades Encourage Passage of AML and Beneficial Ownership Amendment in National Defense Authorization Act
Dear Chairman Smith and Ranking Member Thornberry: We write to encourage the House to include in the National Defense Authorization Act meaningful legislation to end the abuse of anonymous shell… Continue Reading