Washington, D.C. — The Bank Policy Institute today released the following statement on the House Financial Services Committee prudential regulator hearing:
“As prudential regulators prepare to testify before Congress this week, they should pause action on pending rules until the full slate of agency principals are in place in the next Administration. The plethora of major rules in the pipeline – such as proposals on Basel Endgame, long-term debt, corporate governance and brokered deposits – deserves deliberate consideration and time for full public input. The proposals should be considered holistically, rather than pushing through last-minute changes that risk inflicting harm and uncertainty on the economy.”
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About Bank Policy Institute.
The Bank Policy Institute is a nonpartisan public policy, research and advocacy group that represents universal banks, regional banks and the major foreign banks doing business in the United States. The Institute produces academic research and analysis on regulatory and monetary policy topics, analyzes and comments on proposed regulations, and represents the financial services industry with respect to cybersecurity, fraud and other information security issues.
Media Contact
Tara Payne
Bank Policy Institute
tara.payne@bpi.com
