Major changes could be in store for the post-crisis regulatory structure that has been built over the past eight years.
The legislation would create a new office that would be both less powerful, and in some ways more independent, than the two entities it would succeed.
The proposal would raise the regulatory burden on the eight most systemically important U.S. banks, especially compared to the large regional banks.
The House Financial Services Committee may vote soon on change how banks with more than $50 billion in assets are regulated by the Federal Reserve.
The testimony may place special emphasis on emerging threats that have been in the news recently, most notably cybersecurity and international concerns.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
With Republicans taking control of both the Senate and the House, the new leadership has promised to show that they can work together and with Democrats – and actually get stuff done.
This Tuesday and Wednesday, the House Financial Services Committee marked up several bills that would have important positive impacts on the way the Consumer Financial Protection Bureau operates. Three of those bills would implement changes that mirror recommendations made in BPC’s September 2013 report, The Consumer Financial Protection Bureau: Measuring the Progress of a New Agency.
BPC’s forum on the “Implications of GSE Reform for the Federal Budget and National Debt” provided a primer on how the federal government currently accounts for the conservatorship of Fannie Mae and Freddie Mac and the budgetary impact of proposals…
Fed Chair Yellen Says Labor Market Recovery Far From Over, Calls Rising Debt-to-GDP Ratio Unsustainable
Dr. Janet Yellen testified yesterday before the House Financial Services Committee in her first public appearance on the Hill since being sworn in as Federal Reserve Chair. She spoke on a range of issues, including monetary policy and financial regulatory…