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2.07 MB
Extraction Summary
2
People
7
Organizations
1
Locations
1
Events
1
Relationships
1
Quotes
Document Information
Type:
Presentation slide / internal briefing
File Size:
2.07 MB
Summary
This document is a slide from a Deutsche Bank Global Public Affairs presentation, authored by Francis J. Kelly (page 6, Bates stamped HOUSE_OVERSIGHT_026800). It outlines a regulatory relief bill proposed by Senator Richard Shelby intended to benefit small- and mid-sized banks, including raising the 'Systemically Important' asset threshold from $50B to $500B and reforming the Federal Reserve structure. The document includes a strategic note suggesting the bill has potential for success due to Shelby's legislative skill, despite skepticism from observers.
People (2)
| Name | Role | Context |
|---|---|---|
| Richard Shelby | Senator (R-AL), Chair of the US Senate Banking Committee |
Proposer of the regulatory relief bill discussed in the document.
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| Francis J. Kelly | Deutsche Bank Global Public Affairs |
Author/Contact person listed on the slide.
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Organizations (7)
| Name | Type | Context |
|---|---|---|
| Deutsche Bank |
Creator of the document (Global Public Affairs division).
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| US Senate Banking Committee |
Chaired by Richard Shelby.
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| Federal Open Market Committee (FOMC) |
Subject of proposed reporting requirements.
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| Federal Reserve Board |
Subject of proposed structural evaluation.
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| Government Accountability Office (GAO) |
Tasked with studying SIFI regulation in the proposal.
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| Federal Reserve Bank of New York |
Proposal changes how its President is nominated.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
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Timeline (1 events)
Unknown
Locations (1)
| Location | Context |
|---|---|
|
Jurisdiction of the legislation and banks discussed.
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Relationships (1)
Listed as contact for Deutsche Bank Global Public Affairs.
Key Quotes (1)
"Some observers have suggested this bill will go nowhere; but we would not write it off so fast. Shelby is the master of the legislative process and there is some bipartisan support already for parts of his bill."Source
HOUSE_OVERSIGHT_026800.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (1,567 characters)
Can US banks get some regulatory relief? Taking care of small- and mid-sized banks and reforming the Fed
Senator Richard Shelby (R-AL), chair of the US Senate Banking Committee, has put forward a regulatory relief bill which:
- Raises the “Systemically Important” bar from $50 billion to $500 billion; Re-define small banks from $10 billion to $50 billion;
- Provides an exemption for banks under $10 billion of assets from the Volcker Rule;
- Requires the Federal Open Market Committee to release quarterly reports on economic conditions around the country, though the Fed chair would still testify before Congress semiannually;
- Creates an independent commission to evaluate the structure of the Federal Reserve Board system, including a review of the number and structure of the Fed's 12 districts and requires the Federal Reserve to publish a study every two years on its regulation and oversight of nonbanks;
- Requires the Government Accountability Office (GAO) to study the Federal Reserve’s regulation of systemically important institutions (SIFIs);
- Requires the President of the Federal Reserve Bank of New York to be nominated by the President and confirmed by the Senate. Also require3 the Fed to speed up the release of Fed minutes.
- Provides an exemption for banks under $10 billion of assets from the Volcker Rule;
- Requires the Federal Open Market Committee to release quarterly reports on economic conditions around the country, though the Fed chair would still testify before Congress semiannually;
- Creates an independent commission to evaluate the structure of the Federal Reserve Board system, including a review of the number and structure of the Fed's 12 districts and requires the Federal Reserve to publish a study every two years on its regulation and oversight of nonbanks;
- Requires the Government Accountability Office (GAO) to study the Federal Reserve’s regulation of systemically important institutions (SIFIs);
- Requires the President of the Federal Reserve Bank of New York to be nominated by the President and confirmed by the Senate. Also require3 the Fed to speed up the release of Fed minutes.
Some observers have suggested this bill will go nowhere; but we would not write it off so fast. Shelby is the master of the legislative process and there is some bipartisan support already for parts of his bill.
Deutsche Bank
Global Public Affairs
Global Public Affairs
Francis J. Kelly
francis.j.kelly@db.com
francis.j.kelly@db.com
6
HOUSE_OVERSIGHT_026800
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