drauz
06-07-2016, 02:15 AM
http://thehill.com/policy/finance/282371-gop-unveils-dodd-frank-alternative
The new plan would place heightened restrictions on financial regulators trying to write new rules, and give large financial institutions a way to ease their regulatory burden. It also includes provisions aimed at making it easier for community banks to operate, while including language previously pushed by Wall Street and opposed by financial regulators.
Under Hensarling’s plan, large financial institutions could effectively opt out of some government oversight if they agree to hold on to larger amounts of capital. The thinking goes that if banks are willing to hold on to more capital as a buffer against potential downturns, they should not have to adhere to a host of strict rules aimed at making banks safer.
The new plan would place heightened restrictions on financial regulators trying to write new rules, and give large financial institutions a way to ease their regulatory burden. It also includes provisions aimed at making it easier for community banks to operate, while including language previously pushed by Wall Street and opposed by financial regulators.
Under Hensarling’s plan, large financial institutions could effectively opt out of some government oversight if they agree to hold on to larger amounts of capital. The thinking goes that if banks are willing to hold on to more capital as a buffer against potential downturns, they should not have to adhere to a host of strict rules aimed at making banks safer.