SLR Stays For Now, But Change to Come
As we anticipated, the FRB today decided to let the SLR exemption expire as planned on March 31. The OCC and FDIC did the same, making it unsurprisingly clear that the higher SLR for the largest banks at the IDI level will also again apply after the second quarter begins.
Global Regulators Craft Bigtech Regulatory Construct
The BIS’s Financial Stability Institute (FSI) has released a set of regulatory-policy options advancing global work seeking to govern tech-platform financial-sector offerings.
Revived UDAP Back as of Today
The Federal Register today includes the CFPB’s notice rescinding its previous statement regarding abusive acts or practices, effective today.
Waters, Beatty Demand Investment-Bank Diversity Data
HFSC Chairwoman Waters (D-CA) and the chair of the Diversity and Inclusion Subcommittee, Rep. Beatty (D-OH), yesterday sent letters to the country’s thirty-one largest investment firms such as BlackRock, Vanguard, and JPMorgan, demanding diversity and inclusion data.