Regional banks ask Fed to eliminate Dodd-Frank standards for firms of their size

8 February 2019 10:00am
SunTrust and four other regional banks have asked the US Federal Reserve to exclude all firms of their size from liquidity and stress-test requirements because they pose little systemic risk.

The banks objected to the Fed’s proposal to ease, but not eliminate, Dodd-Frank Act requirements for firms with assets of $100 billion to $250 billion.

Banks of this size, their letter said, have risk profiles that are “smaller, less complex and less likely to cause a systemic risk to the US financial system”.