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.
News & Insights
By a vote of 233 to 186, the House of Representatives passed the "Financial CHOICE Act of 2017."
The House Financial Services Subcommittee on Capital Markets, Securities and Investment considered testimony on the impact of the Volcker Rule on the U.S. capital markets.
The House Financial Services Committee approved the Financial CHOICE Act, a Republican plan that would replace the Dodd-Frank Act.
The Senate Homeland Security and Governmental Affairs Committee's Permanent Subcommittee on Investigations published a majority and minority staff report titled "Wall Street Bank Involvement with Physical Commodities." The report was released in conjunction with hearings, which are scheduled for November 20-21, 2014, regarding the physical commodities activities of bank holding companies. The report focuses on the role of banks and bank holding companies in the physical markets for commodities and related businesses. It presents case studies of the three largest U.S. bank holding company