Small Banks Winners in Dodd-Frank Rewrite
Reuters reported small lenders will gain more than major banks from the Dodd-Frank rollback passed by Congress.
Reuters reported small lenders will gain more than major banks from the Dodd-Frank rollback passed by Congress.
According to a Fitch Ratings report, small to mid-size banks should not experience any ratings issues in the short term following the passage of legislation lessening the burden of financial regulations.
In a recent report on Dodd-Frank reform, CFO provided commentary on the most likely outcome which is expected to be more moderate and along the lines of how the Treasury sees it.
The results of the Federal Reserve’s most recent bank stress tests showed the nation’s largest banks continue to build capital levels and improve credit quality, strengthening their ability to lend during a severe recession.
Six federal agencies are inviting public comment on a proposed rule to prohibit incentive-based compensation arrangements that encourage inappropriate risks at covered financial institutions.
At a conference sponsored by the Committee on Capital Markets Regulation, vice chairman, Stanley Fischer, notes how “lender-of-last-resort” powers helped minimize the damage cause by the financial crisis.
According to a survey from SNL Financial, since the inception of the Dodd-Frank Act, small banks have felt an increasing squeeze from the costs to ensure compliance with increased rules and regulations.
Bloomberg reported that the U.S. Senate Banking Committee plans to consider legislation next month to seek restrictions on the Fed while freeing small and regional banks from parts of the Dodd-Frank Act.
U.S. House Republicans have reportedly lost a bid to quickly pass legislation to relax some requirements under the 2010 Dodd-Frank financial regulatory law.
Zacks Equity Research reported that U.S. banks now face another liquidity rule which may hamper their lending activities.