Last week, regulators and Senators made it clear they want no mercy shown to banks, especially very big ones.  The FHFA had gotten the message and put out a tough proposal to restrict membership in Federal Home Loan Banks (see FSM Report FHLB2), while the OCC rattled the cages of national banks with guidelines that essentially turn these institutions into risk-control, not profit-focused, entities (see FSM Report RISKMANAGEMENT10).  At the Senate Banking Committee’s review of Dodd-Frank (see Client Report REFORM108), Senators – regardless of party or philosophy – battered the regulators to be at least as tough as each promised. 

The full report is available to retainer clients. To find out how you can sign up for the service, click here