A coalition of mortgage lenders and SIFMA made recommendations to the CFPB on proposed revisions to the definition of "Qualified Mortgage" under the Truth in Lending Act.
SIFMA urged the Federal Reserve Board to revise the Global Market Shock and Large Counterparty Default components of the Comprehensive Capital Analysis and Review framework.
The American Banking Association, SIFMA and the Institute of International Bankers proposed revisions to a Federal Reserve Board proposal to modify its regulations for determining "whether a company has the ability to exercise a controlling influence" on another company.
Trade associations urged U.S. regulators to provide guidance on implementing BCBS-IOSCO recommended exemptions from swaps margin requirements where the amounts to be transferred are below relevant thresholds.
In a comment letter, the SIFMA Asset Management Group expressed support for the Financial Stability Oversight Council's proposed "activities-based approach" for addressing systemic risk.
SIFMA recommended a new approach to strengthen cross-border cooperation among regulators to "enhance the coherence of their respective regulations" and "enshrine[] cooperation within legally binding trade agreements."
SIFMA, the Institute of International Bankers, the American Bankers Association and others urged the House Financial Services Committee to amend the "outdated" and "inefficient" Bank Secrecy Act regulatory framework.
ISDA, SIFMA, the American Bankers Association, the Bank Policy Institute and the FIA commented on a proposal by U.S. banking regulators to implement the "standardized approach for counterparty credit risk" in U.S. capital rules.
