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Articles tagged with: Federal Reserve

AFR Comment: The Volcker Rule And Market Making in Times Of Stress
February 24, 2017 – 5:18 pm

” ‘The Volcker Rule And Market Making In Times of Stress’ paper does not represent the official view of the Federal Reserve, and is not a Federal Reserve Report. …It is simply false to present this paper as demonstrating that the Volcker Rule has created market costs that exceed its risk reduction benefits.”

AFR in the News: Coalition of Unions, Consumer Groups Press Regulators on Bank “Living Wills” (Wall St. Journal)
March 22, 2016 – 5:57 pm

“Tuesday’s letter to the Fed and FDIC from Americans for Financial Reform… is the latest evidence that the agencies could face some backlash if their verdict is favorable to the industry. The coalition includes large unions and public interest groups with powerful pull in Washington… The coalition asks that regulators, if they decline to find banks’ plans not credible, provide the public with a detailed explanation of improvements banks have made in the living wills since the firms failed to pass regulatory muster in 2014.”

Letter to Regulators: AFR Urges Federal Reserve and FDIC to Take Opportunity to End Too Big to Fail
March 22, 2016 – 11:38 am

“AFR sent a letter to banking regulators today concerning their review of bank resolution plans. The Dodd-Frank Act requires regulators to review these plans to ensure that major banks are no longer ‘too big to fail’ – that they can go through a conventional (Chapter 11) private bankruptcy in an orderly manner, without creating substantial economic disruption. “

AFR in the News: Dodd-Frank Rollback Bill Advances in Senate (ThinkAdvisor)
May 22, 2015 – 9:19 am

“Americans for Financial Reform stated that the bill is ‘fundamentally misconceived: while its proponents claim to be focused on the needs of small community banks, the substance of the bill reads more like a deregulatory wish list for big banks and other large financial players.’ AFR stated that a ‘disturbing number of lawmakers are once again willing to act as shills for Wall Street and its discredited deregulatory agenda,’ adding that it’s ‘unlikely that this dangerous bill or anything like it will become law.’”

Letter to Regulator: AFR Comments to Federal Reserve Urging More Capital for Large Banks
April 3, 2015 – 10:35 am

AFR provided comments to the Federal Reserve on a proposal to require more capital for the largest banks. While supporting the idea of additional capital for these banks, AFR’s comment criticized the level as too low.

Conference: Managing the Economy – The Federal Reserve, Wall Street and Main Street
December 9, 2014 – 8:27 am
Conference: Managing the Economy – The Federal Reserve, Wall Street and Main Street

This conference, co-sponsored by Americans for Financial Reform, the Economic Policy Institute and the Roosevelt Institute, featured keynote speeches by Senator Elizabeth Warren and economist and N.Y. Times columnist Paul Krugman.

AFR Letter: Mandatory Margin Requirements Needed for Uncleared Swaps
November 25, 2014 – 6:03 pm

“Mandatory margin requires participants in the swaps market to take full account of the risks of their derivatives transactions and provide some level of advance provisioning for such risks. The availability of properly segregated margin is clearly of enormous value in case of the default of a swaps counterparty.”

AFR in the News: After Criticism, Fed Will Study Wall St. Oversight (NY Times)
November 21, 2014 – 3:54 pm

“Under pressure to show that it is up to the task of regulating giant Wall Street firms, the Federal Reserve issued a surprise announcement on Thursday that it would review crucial aspects of its bank supervision. The Fed asked its inspector general to look into whether top supervisors were getting the information they needed to make their decisions. The Fed also said it wanted the inspector general to determine if top officials were hearing all the opinions of Fed bank examiners.”