The Republican members of the House Financial Services Committee have sent a joint letter to the federal banking supervisory agencies urging them to tailor regulation for Category II, Category III, and Category IV banks – which are generally between $100 billion to more than $700 billion in size.

The lawmakers noted that current regulation “acts as a barrier to more robust competition for the largest banks given the largely one-size-fits-all approach taken in regulating banks with $100 billion or more in assets.”

They also suggested indexing regulatory thresholds to economic growth metrics.

Author: sdbrownlow

Student of Design