Washington, D.C. — BPI Executive Vice President and General Counsel John Court issued the following statement in response to new guidance issued by the Financial Stability Oversight Council related to the financial stability risks of non-banks.
As U.S. bank regulators look to squeeze more and more risk out of the banking sector by imposing higher and higher capital requirements, it’s only natural for U.S. officials to worry about where that risk is going, how it’s being managed and whether there’s any decent oversight. And it’s an acute worry given that the government’s safety net has been extended to shadow bank firms in recent crises.
About Bank Policy Institute.
The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation’s leading banks and their customers. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, they employ almost 2 million Americans, make nearly half of the nation’s small business loans, and are an engine for financial innovation and economic growth.
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