Actions

Systemic Risk Council Urges Action on Resolution of Central Counterparty Clearing Houses

WASHINGTON, D.C.—On March 18, 2019, the Systemic Risk Council (SRC) responded to the Financial Stability Board’s (FSB) late-2018 Discussion Paper on the resolution of distressed central counterparty clearing houses (CCPs). Commenting that the Discussion Paper “is as welcome as it is overdue” given that many of today’s CCPs are “super systemic” and so too important […]

Systemic Risk Council Comments on “JOBS Act 3.0” Bill

WASHINGTON, D.C.—On October 3, 2018, the Systemic Risk Council (SRC) sent a comment letter to Senators Michael Crapo and Sherrod Brown regarding the “JOBS Act 3.0” bill, S. 488, which has passed in the House of Representatives and may be taken up by the Senate Committee on Banking, Housing, and Urban Affairs. The letter specifically […]

Systemic Risk Council Opposes Federal Reserve and OCC Proposals to Reform Leverage Ratio and Volcker Rule

WASHINGTON, D.C.—On August 8, 2018, the Systemic Risk Council submitted a comment letter to the Federal Reserve Board of Governors and the Office of the Comptroller of the Currency on their proposals to relax the enhanced supplementary leverage ratio for big banks, and the so-called “Volcker Rule” constraints on using insured deposits to fund speculative […]

Systemic Risk Council Comments on the S.2155, the Economic Growth, Regulatory Relief and Consumer Protection Act

On February 21, 2018, the Systemic Risk Council submitted a comment letter to the Chairman Crapo and Ranking Member Brown of the U.S. Senate Banking, Housing and Urban Affairs regarding S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act (the “Bill”). The Council limited its comments to only the proposals to raise the […]

Systemic Risk Council Comments on the Treasury Departments October 2017 Reports

On February 23, 2018, the Systemic Risk Council submitted a comment letter to the United States Department of Treasury (UST) regarding the UST reports issued last October, entitled A Financial System That Creates Economic Opportunities: Capital Markets (Oct. 2, 2017) and A Financial System That Creates Economic Opportunities: Asset Management and Insurance (Oct. 26, 2017). […]

Systemic Risk Council Comments on the Treasury Departments June 2017 Report

WASHINGTON, D.C.—On September 19, 2017, the Systemic Risk Council submitted a comment letter to the United States Department of Treasury (UST) on its Report of June 2017 on possible reforms to banking-system regulation. The Council believes that “the UST Report includes a number of worthwhile technical reforms and addresses important issues that are largely incidental […]

Systemic Risk Council Letter to Treasury Department

On September 19, 2017, the Systemic Risk Council submitted a comment letter to the United States Department of Treasury (UST) on its Report of June 2017 on possible reforms to banking-system regulation. The Council believes that “the UST Report includes a number of worthwhile technical reforms and addresses important issues that are largely incidental to […]