US Regulatory Outlook: The Beginning of the End

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2014-08-04

Summary:

Editor's Note: The following post comes to us from Dan Ryan, Chairman of the Financial Services Regulatory Practice at PricewaterhouseCoopers LLP, and is based on a PwC publication. The complete publication, including appendix and footnotes, is available here.

Regulatory delay is now the established norm, which continues to leave banks unsure about how to prepare for pending rulemakings and execute on strategic initiatives. With the “Too Big To Fail” (TBTF) debate about to hit the headlines again when the Government Accountability Office releases its long-awaited TBTF report, the rhetoric calling for the completion of these outstanding rules will once more sharpen.

This rhetoric should not be confused with reality, however. At about this time last summer, Treasury Secretary Lew stated that TBTF would be addressed by the end of 2013 – a goal that resulted in heightened stress testing expectations and a vague final Volcker Rule in December, but little more. Since then, the slow progress has continued, with only two key rulemakings completed so far this year: the finalization of Enhanced Prudential Standards for large bank holding companies (BHCs) and a heightened supplementary leverage ratio for the eight largest BHCs (i.e., US G-SIBs).

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Link:

http://blogs.law.harvard.edu/corpgov/2014/08/04/us-regulatory-outlook-the-beginning-of-the-end/

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Blogs.law Aggregation Hub » The Harvard Law School Forum on Corporate Governance and Financial Regulation

Tags:

banking & financial institutions financial regulation practitioner publications banks basel committee capital requirements credit exposure dan ryan dodd-frank act federal reserve financial institutions g-sib leverage liquidity pricewaterhousecoopers surcharges systemic risk too big to fail

Authors:

Yaron Nili, Co-editor, HLS Forum on Corporate Governance and Financial Regulation,

Date tagged:

08/04/2014, 16:30

Date published:

08/04/2014, 09:23