House financial services committee
A bad-tempered congressional committee hearing sees US regulators quizzed over Volcker rule costs
HR 992 passes by 53 votes to six, despite protests by leading Democratic member on House Financial Services Committee
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More House financial services committee articles
A bipartisan attempt to clarify the scope of the Dodd-Frank Act – and limit the US Commodity Futures Trading Commission’s proposals on swap execution facilities – had been making rapid progress, raising hopes that trading platforms would have some...
Expert predictions of delayed start date proven correct
In a world of economic capital, risk-weighted assets and net stable funding ratios, it’s refreshing to come across a simpler risk management benchmark: “Our metric of success is ‘no surprises’: no surprises in terms of the impact on the firm of...
Despite positive vote by House subcommittee, lawyers say a bill repealing section 716 of Dodd-Frank will not pass
The extraterritorial application of US uncleared margin proposals will make it tough for US banks to compete with their foreign counterparts in swaps business unless the proposals are copied by regulators in other international jurisdictions. That’s...
More than half of respondents expect regulators to back down over extraterritoriality application of margin rules
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future