Departing Federal Reserve Governor Tarullo Gives Speech Supporting Strong Capital Requirements and Criticizing the Volcker Rule

A&O Shearman
Contact
LinkedIn
Facebook
X
Send
Embed

Shearman & Sterling LLP

Daniel Tarullo’s resignation from the US Federal Reserve Board became effective, and he was succeeded by Governor Powell as the Chairman of the Board of Governors’ Committee on Supervision and Regulation. In a speech given on April 4, 2017, Mr. Tarullo reviewed the Federal Reserve’s development of the capital regulation and stress testing regime in the period since the financial crisis, and expressed support for strong capital requirements and strict supervisory stress testing, as well as for raising the $50 billion asset threshold as the trigger for application of enhanced prudential standards under Section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, stating that “the time may be coming when the qualitative objection in CCAR should be phased out." In contrast, Mr. Tarullo criticized the Volcker Rule, citing it as an area where “the case for change has become fairly strong."

View full text of the speech.
Send Print Report

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

© A&O Shearman

Written by:

A&O Shearman
A&O Shearman
Contact
more
less

PUBLISH YOUR CONTENT ON JD SUPRA NOW

  • Increased visibility
  • Actionable analytics
  • Ongoing guidance

A&O Shearman on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign Up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide