Click on the announcement below to see the details of AFR’s July 24th event marking the tenth anniversary of the financial crisis, and to RSVP Regulating Wall Street Ten Years Later July 24th Save The Date
Americans for Financial Reform sent a letter to the Federal Reserve Board of Governors and the Office of the Comptroller of the Currency to comment on a proposal that would reduce the minimum leverage ratio requirements for the largest U.S. banks. Click here to access
“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. “
AFR commented on a Federal Reserve proposal that would integrate the capital requirements in its different capital regimes to institute new stress buffer requirements.
Stress tests are forecasts based on models. They stand or fall on the approach of regulators, whose assumptions can seriously underestimate bank losses. Before the 2008 financial crisis regulatory models also showed Wall Street was safe, but that turned out to be fantasy.
Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject two bills in today’s markup.
The President should have nominated someone with a commitment to that mission months ago, not waited until the last minute to reveal a nomination designed to keep Mick Mulvaney in charge. This nomination is a move to keep the CFPB hobbled and under the thumb of the payday lenders and Wall Street law breakers.
Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject two bills in today’s markup.
Americans for Financial Reform sent a letter to members of the House Committee on Financial Services urging them to reject five bills in today’s markup. The bills would harm investor protections and undermine oversight of the insurance industry.