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.