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.
The Federal Reserve Board and FDIC final rule amending resolution planning requirements under the Dodd-Frank Act was published in the Federal Register.
Federal Reserve Board Vice Chair Randal K. Quarles reviewed the contributions of the Financial Stability Board and raised issues that continue to affect the global financial system.
FDIC Chair Jelena McWilliams highlighted recent regulatory developments and additional work concerning resolution planning for large institutions in a cross-border context.
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.