Recalibrating (Not Repealing) Prudential Regulation

The EGRRCPA (BCDEFGH…)

In May 2018, S. 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) – commonly referred to as the Crapo bill – was signed into law. While this recalibration is a step in the right direction, there is still work to be done to harmonize international regulations and move to a streamlined, efficient regulatory framework.

Inside this note, we analyze:

• The objective of the EGRRCPA to spur bank lending in the U.S.;
• New groupings based on total assets and capital ratios across the new groupings;
• A deeper look at CCAR banks under $250 billion in assets;
• Non-GSIB banks over $250 billion in assets;
• The potential capital release if tailoring is applied; and
• The spider webs of regulations and regulators.

See Also: Healthier but Constrained: Are Post-Crisis Prudential Regulations Holding Back Capital Markets?

Authors

SIFMA Insights

Katie Kolchin, CFA

Senior Industry Analyst

Office of the General Counsel

Carter McDowell

Managing Director and Associate General Counsel