Archives for Volcker Rule

Letter to Regulators on Volcker Rule CLO Issues (1/14/14)

Date: January, 14, 2014

Issue: Volcker Rule

To: The Honorable Ben Bernanke, Chairman, Board of Governors of the Federal Reserve; The Honorable Martin Gruenberg, Chairman, Federal Deposit Insurance Corporation; The Honorable Mary Jo White, Chair, Securities and Exchange Commission; The Honorable Thomas Curry, Comptroller of the Currency; The Honorable Mark P. Wetjen, Acting Chairman, Commodity Futures Trading Commission

Filing Type: Regulatory Reform

Description: On January 15, the House Financial Services Committee held a hearing about the adverse impacts of the Volcker Rule on businesses.  This week regulators tried to alleviate one concern and tweaked the final rule to allow banks to retain ownership in collateralized debt obligations (CLO) backed by trust-preferred securities.  And during the hearing Robertson, as well as the other witnesses, called on regulators to fix additional community bank and CLO problems. In advance of the hearing we sent letters to regulators and the Hill supporting corrective legislation.

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Letter to House on Fairness for Community Job Creators Act (1/13/14)

Date: January 13, 2014

Issue: Regulatory Reform

To: The Honorable Shelley Moore Capito and The Honorable Jeb Hensarling,  U.S. House of Representatives

Filing Type: Regulatory

Description: On January 15, the House Financial Services Committee held a hearing about the adverse impacts of the Volcker Rule on businesses. In advance of the hearing we sent letters to regulators and the Hill supporting corrective legislation. 

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Letter to Senate on Fairness for Community Job Creators Act (1/13/14)

Date: January, 13, 2014

Issue: Regulatory Reform, the Volcker Rule

To: The Honorable Mark S. Kirk, United States Senate

Filing Type: Regulatory

Description: On January 15, the House Financial Services Committee held a hearing about the adverse impacts of the Volcker Rule on businesses. In advance of the hearing we sent letters to regulators and the Hill supporting corrective legislation.

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Letter to Fed, FDIC, and OCC on Liquidity Coverage Ratio (1/31/14)

Date: January 31, 2014

Issue: Regulatory Reform

To: Board of Governors of the Federal Reserve, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency

Filing Type: Regulatory

Description: CCMC submitted a comment letter to banking regulators addressing corporate treasurers' concerns with respect to the liquidity coverage ratio proposal issued by the regulators late last year. Applying a 100% outflow amount to undrawn credit commitments under bank customer securitization credit facilities could result in increased pricing of these facilities or reduce the availability of these facilities.

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Letter to Rep. King regarding Global Viability Act letter (12/4/2013)

Date: December 4, 2013

Issue: Volcker Rule

To: The Honorable Peter King

Filing Type: Congressional Letter

Description: Letter to Congressman Peter King thanking him for his support of the Global Viability Act. 

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