Description: The Bank Policy Institute (BPI) is a nonpartisan public policy, research and advocacy group, representing the nation's leading banks.
After the 2008-09 global financial crisis, the Basel Committee on Banking Supervision, the global standard setting body for bank regulation, agreed on a complete overhaul of bank capital standards, known as “Basel III.” Jurisdictions throughout the world, including the United States and Europe, have largely implemented those standards. Generally speaking, Basel III defines minimum bank …
Banks support the economy, consumers and the financial system every day to help meet American national security goals, promote innovation and preserve U.S. competitiveness. The following document highlights the benefit of large banks to the economy and identifies several problems with the current regulatory framework that could jeopardize the ability of banks to best serve …
Late Fees, Chatbots: CFPB’s Chopra on the Hill CFPB Director Rohit Chopra testified before House and Senate panels this week at semiannual oversight hearings. Here are some key takeaways from his testimony. Five Key Things 1. Fed to Release Stress Test Results on June 28 The Federal Reserve will release the results of its latest …