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.
News & Insights
House Financial Services Committee Chair Maxine Waters and Senate Banking Committee Ranking Member Sherrod Brown expressed their "strong opposition" to "weakening" initial margin requirements for swaps between banks and their affiliates.
Seventeen House Democrats urged prudential regulators to ease initial margin requirements for inter-affiliate swap transactions by harmonizing with the CFTC and other major G20 regulators.
A congressional subcommittee reviewed the impact of swaps capital and margin requirements on end users.
Representative Ed Perlmutter (D-CO) introduced the "Traditional Banking Regulatory Relief Act of 2015" in order to provide relief to "traditional banks" – "institutions that do not require extra regulatory scrutiny or pose a systemic risk to the economy" – based on the level of complexity and volume of activities of a given bank.