This evening, Treasury Secretary Mnuchin published the long-awaited report on proposals to existing banking regulations (press release here), which is the first of what will be several reports, in accordance with President Trump’s February 3 Executive Order on Core Principles for Regulating the U.S. Financial System. The report covers:
- Capital and liquidity;
- Community financial institutions;
- Regulatory engagement;
- Living wills;
- Foreign banking organizations;
- The Volcker Rule;
- The Consumer Financial Protection Bureau;
- Residential mortgage lending;
- Leveraged lending; and
- Small business lending.
Stay tuned for our analysis and visual memorandum on this report.