The State Legislature is on a two-week scheduled break, with session set to resume on April 29, 2019. For the remainder of session, the legislature is expected to focus on issues that were not included in the final state budget, including rent regulations, driver’s licenses for undocumented immigrants and the legalization of recreational cannabis.
Republican members of the U.S. Senate Banking Committee called on the federal regulators to use their S.2155-granted authority and set the community bank leverage ratio at 8%. Banks with an 8% leverage ratio are permitted to opt out of Basel III capital requirements. NYBA supports the 8% threshold.
For more information, please contact:
Michael P. Smith, President, NYBA, at (212) 297-1699
Clare M. Cusack, General Counsel, at (212) 297-1664
Megan Rowan McGovern, Deputy General Counsel & VP, Government Relations, at (212) 297-1669