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Articles tagged with: Volcker Rule

Letters to Regulators: Americans for Financial Reform Education Fund letter opposing the FDIC relaxing the process of resolution planning for Insured Depository Institutions
June 24, 2019 – 1:27 pm

Americans for Financial Reform Education Fund raised concerns over weakening resolution planning requirements intended to prepare large bank holding companies for an orderly resolution in conventional bankruptcy without risk to financial stability and without any reliance on extraordinary public support of the failed bank or its counterparties.

Letters to Regulators: Americans for Financial Reform Education Fund letter opposing banking regulators weakening big banks’ resolution planning requirements
June 24, 2019 – 1:19 pm

Americans for Financial Reform Education Fund sent a letter to banking regulators opposing a proposal that would make the resolution planning process substantially less stringent than it currently is, and raising concerns over the safety and soundness of individual banks and the effect on U.S. financial stability.

News Release: Fed Report Proves Need To Strengthen Financial Safeguards
November 28, 2018 – 3:43 pm

Today’s financial stability report from the Federal Reserve clearly documents that we are at or near the peak of an economic cycle, with inflated asset prices and strong lending growth leading to signs of excessive leverage in the corporate sector. The peak of the cycle is the time to strengthen financial safeguards, not weaken them.

Letters to Congress: Letter To The U.S. Senate Opposing The Misleading-labeled “Taxpayer Protection and Responsible Resolution Act.”
November 19, 2018 – 10:27 am

Americans for Financial Reform sent a letter to the U.S. Senate opposing the “Taxpayer Protection and Responsible Resolution Act” (TPRRA), a legislation that gives special privileges to large financial institutions, encourages the continuation of “too big to fail”, and increases systemic risk.

News Release: Fed Proposal Chips Away At Post-Crisis Reforms
October 31, 2018 – 12:27 pm

Today’s proposals to restructure capital and liquidity requirements for large banks represent the latest chapter in the gradual chipping away of post-crisis financial reforms. The proposals go well beyond anything required by Congress, and significantly weaken requirements for large banks to hold cash and easily salable liquid assets to satisfy payment requirements in times of economic stress.

Letters to Regulators: AFR Education Fund submitted comment on proposed revisions to Volcker Rule.
October 18, 2018 – 12:08 pm

Click here to download a PDF version of the letter.

 

News Release: Regulators were wrong to remove Prudential Financial from list of systemically important financial companies
October 17, 2018 – 10:22 pm

The Financial Stability Oversight Council (FSOC) announced that it has reversed its designation of Prudential Financial, Inc. as a systemically important financial institution (SIFI). The Council, under the leadership of Secretary Mnuchin, has now freed from Federal Reserve consolidated oversight the last of the four previously designated nonbank SIFIs.

AFR Statement: Senate Banking Committee Takes Up Dangerous Securities Bills
June 26, 2018 – 11:32 am

“The Senate Committee on Banking, Housing, and Urban Affairs meets today to conduct hearings on a set of bills ostensibly designed to increase access to capital. Several of these bills are part of a dangerous agenda to rollback securities markets regulations. The deregulation of private capital markets contemplated in these bills would disproportionately affect small, retail investors vis-à-vis large investors and would undermine the effective regulations and investor protections that are fundamental principles of stable and enlarging U.S. public capital markets. “