Moderate Democrats Continue to Voice End-Game Doubts

The agencies’ capital proposal (see FSM Report CAPITAL230) unsurprisingly dominated discussion at today’s Senate Banking hearing with big bank CEOs.  Also unsurprisingly, Republicans and the CEOs sharply criticized what they called insufficient economic analysis and downstream lending impact.  Despite positioning themselves for a defense of the Fed’s GSIB surcharge proposal (see FSM Report GSIB22), the proposal received little attention from Committee Democrats or, for that matter, Republicans or the CEOs.

GSIB23.pdf