U.S. Regulatory Relief
Senate Banking Committee Chairman Crapo (R-ID) has gathered enough support from moderate Democrats on his panel to advance regulatory-reform legislation that, while not sweeping, nonetheless addresses an array of community- and regional-bank concerns. Most significant among these for larger BHCs is language that would alter the Dodd-Frank thresholds in Section 165 for “enhanced regulation.”  These currently hit at the $50 billion threshold, but the legislation now reserves the most stringent standards only for BHCs above the $250 billion level, giving the Board additional flexibility to redesign the “SIFI” standards as desired.