The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
A Federal Reserve Board, FDIC and Office of the Comptroller of the Currency joint proposal to apply the capital liquidity requirements to the U.S. operations of foreign banks was published in the Federal Register.
On April 13, 2019, U.S., UK and European Banking Union regulators will meet to better understand one another's resolution regimes for global systemically important banks and to bolster coordination on cross-border matters.
FDIC Chair Jelena McWilliams described the need to better define the scope of the Volcker Rule "so that both bankers and supervisors have clear rules of the road." She also weighed in on recent legislation, FinTech and improved international coordination.
The Federal Reserve Board's "clean holding company" requirements - which apply to U.S. globally systemically important banks and certain U.S. intermediate holding companies of the largest foreign banks - became fully effective on January 1, 2019.