TOP OF THE AGENDA House Financial Services Committee Passes Bipartisan Bill to End Anonymous Shell Companies The House Financial Services Committee passed H.R. 2513, known as the Corporate Transparency Act,… Continue Reading
June 14
May 31
May 31, 2019
TOP OF THE AGENDA Give Banks Credit For Robust Contingent Liquidity Arrangements In this blog post, BPI argues that banks should be allowed to hold liquid assets sufficient to meet… Continue Reading
May 24
May 24, 2019
TOP OF THE AGENDA Former Fed Gov. Daniel Tarullo’s Misplaced Calls For Higher Capital Requirements In a May 21 speech, former Federal Reserve Governor Daniel Tarullo called for higher capital… Continue Reading
May 17
May 17, 2019
TOP OF THE AGENDA American Bar Association Opposes Anti-Money Laundering Efforts. Objection! Last week, the American Bar Association released a letter opposing H.R. 2513, the Corporate Transparency Act (Maloney D-NY),… Continue Reading
May 10
May 10, 2019
TOP OF THE AGENDA House Financial Services Committee Approves AML Reform Bill The House Financial Services Committee unanimously approved by a vote of 55-0 a bill, HR 2514 by Representative… Continue Reading
May 7
Joint Trades Submit Letter of Support to House Financial Services Committee on Efforts to Modernize AML / CFT Regulatory System
The Honorable Maxine Waters Chairwoman Committee on Financial Services United States House of Representatives 2221 Rayburn House Office Building Washington, DC 20515 The Honorable Patrick McHenry Ranking Member Committee on… Continue Reading
May 3
May 3, 2019
TOP OF THE AGENDA BPI President & CEO Greg Baer Describes Opaque Subjective and Unreviewable Examination Process in Testimony Before Senate Banking Committee BPI President & CEO Greg Baer Describes… Continue Reading
April 26
April 26, 2019
TOP OF THE AGENDA Federal Reserve Releases Proposed Changes to Control Regulations On April 23, the Federal Reserve Board issued a proposal to revise its rules for determining control of… Continue Reading
April 22
Do Liquidity Regulations Reduce Moral Hazard?
Liquidity regulations are costly. In a nutshell, they require banks to hold more liquid assets, like Treasury bills or deposits at the Fed, and fewer illiquid assets, like loans to… Continue Reading
April 19
April 19,2019
TOP OF THE AGENDA Good Times Do Not Call for a Countercyclical Capital Buffer Over the past year, we have frequently heard the argument that the countercyclical capital buffer (CCyB),… Continue Reading