Participants at the SIFMA-TCH 4th Annual Prudential Regulation Conference reviewed the role of regulation in today's banking system and how Dodd Frank Act reforms have affected U.S. and European capital markets.
Specifically, the participants discussed:
- current regulatory rulemaking and supervisory trends;
- capital, liquidity and funding regulation;
- recovery and resolution planning; and
- the cumulative impact of regulatory changes on the industry, markets and the economy.
SIFMA President and CEO Kenneth E. Bentsen urged prudential regulators not to "pile regulation on top of regulation" until they are fully aware of its impact:
While [regulators] have come a long way in our efforts to reduce risk, [they] must be careful not to tip the scales too far, but instead strike a balance that works. If [they] overreach, the negative consequences on the flow of capital and economic growth could be substantial.
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