ABSTRACT

S. 2155 and Enhanced Regulation for Large Banks [March 29, 2018]   [open pdf - 153KB]

"Title I of the 2010 Dodd-Frank Act (12 U.S.C. Ch. 53.) imposed a number of enhanced prudential regulatory requirements for bank holding companies and foreign banks operating in the United States with more than $10 billion or $50 billion in assets, depending on the requirements. These requirements were primarily intended to reduce the systemic risk posed by large financial institutions, which was a major feature of the 2007-2009 financial crisis. Section 401 of S. 2155, which the Senate passed on March 14, 2018, would raise the asset threshold at which these requirements are applied to banks. These requirements also apply to nonbank financial firms that have been designated as 'systemically important' by the Financial Stability Oversight Council (FSOC), which S. 2155 does not modify."

Report Number:
CRS Insight, IN10877
Author:
Publisher:
Date:
2018-03-29
Copyright:
Public Domain
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Via E-mail
Format:
pdf
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application/pdf
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