The Clearing House Association (TCH) submitted a comment letter to the Board of Governors of the Federal Reserve System (Fed) in response to the Fed’s advanced notice of proposed rulemaking (ANPR) guiding financial holding companies (FHCs) physical commodities activities – specifically the portion that provides for merchant banking activities. TCH’s letter argues that based on the longstanding success of FHCs at managing the risks associated with all types of merchant banking activities, the existing prudential framework for these activities is robust and effective and thus provides no reason for a fundamental revision of this framework.
You Might Also Be Interested In...
Bank Activities and Structure
Our Assessment of the Federal Reserve’s Latest Semiannual Supervision and Regulation Report and Some Recommendations for Future Reports
Bank Activities and Structure
BPI Welcomes FDIC Action to Provide Certainty for Banks’ Second-Chance Hiring
Bank Activities and Structure
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology and Inclusion
Bank Activities and Structure
BPI Statement Before the U.S. House Financial Services Committee’s Subcommittee on Financial Institutions and Monetary Policy
Bank Activities and Structure
Coalition of Trades Comment on Negative Implications of SEC Custody Rule
More Posts by This Author