A view of life and commercial real estate from Newark and Licking County, Ohio
Wednesday, June 14, 2017
Might be boring to you big city types............
............but to us simple country folk, this is really good news.
"The Trump administration laid out its highly anticipated plan for overhauling bank rules" yesterday, and it is pretty good I guess? Here is the Treasury Department report, and just as a matter of form, it generally seems to have been written by professionals who are familiar with bank regulation, which I can't say I entirely saw coming. (It "was spearheaded by Craig Phillips, a former BlackRock Inc. executive who was major fundraiser for Hillary Clinton’s presidential campaign.")
As for content, there is a lot of it, and it is fairly miscellaneous, without too many unifying themes. One broad but boring theme seems to be that smallish banks -- below $10 or $50 billion in assets, depending on the provision -- should be exempted from Dodd-Frank stress tests and the Volcker Rule and other rules. I cannot get that excited about small-bank deregulation, but if you are a small bank this report will probably be pretty exciting for you.