Insights & Publications
© 2018 Debevoise & Plimpton LLP
Bipartisan Consensus Emerges on Bank Regulatory Relief
28 November 2017
View Client Update
On November 13, 2017, a bipartisan group of Senators announced their agreement on proposed legislation, the Economic Growth, Regulatory Relief and Consumer Protection Act, S.2155. This bill would provide regulatory relief for a range of banking organizations, primarily but not exclusively focused on smaller firms.
We believe raising the Dodd-Frank Act's $50 billion asset threshold (which triggers application of enhanced prudential standards) has momentum in Washington and that this bill represents a significant step toward this change becoming law.
In addition to detailing the bill’s proposed changes in applying enhanced prudential standards, we describe how the bill would reduce regulatory requirements for community banks, revise discrete aspects of the Volcker Rule, and require the Treasury Department and Securities and Exchange Commission to undertake studies of cyber risks and algorithmic trading.
Satish M. Kini
Gregory J. Lyons
David L. Portilla
Zila Reyes Acosta-Grimes
View More Authors
Use of Electronic Bills of Lading in Practice of Foreign Trade Participants
International Banking Operations
Debevoise Advises Quarton International on Its Sale to Cowen
So You Want to Join a Bank Board? Ask About AML Risk Oversight
New York Law Journal
Debevoise Advises J.P. Morgan Securities as Financial Advisor to CommScope in its $7.4 Billion Acquisition of Arris
UK Modern Slavery Act Transparency Statement
Debevoise Women's Review