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 […]
Sir Paul Tucker, chairman of the Systemic Risk Council, discusses international financial regulatory issues with Mark Sobel, US chairman of the think tank OMFIF. Listen to the podcast.
On 18 December 2018, Sir Paul Tucker was quoted in a Special Report by Global Capital called “Review of the Year 2018 and Outlook 2019” on US financial regulation. The Republicans had been driving the changes to Dodd-Frank, but they will now lose control of influential committees in the lower chamber, such as the House […]
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 […]
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 […]
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 […]
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). […]
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 […]
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 […]
We live in a joined-up world and the only way to make our banking and financial system safe is to collaborate, asserted Sir Paul Tucker, chairman of the Systemic Risk Council (SRC). Speaking at the 70th CFA Institute Annual Conference in Philadelphia on May 23, Tucker observed that policies needed to make the financial system […]