Credit Conversion Factor and Financial CHOICE Act: Difference between pages

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''Bank supervision - capital adequacy''
''US bank regulation''.


(CCF).
A bill to repeal substantial parts of the Dodd-Frank Act, that was not fully enacted.


The CCF converts an off balance sheet exposure to its credit exposure (Risk Weighted Assets) equivalent.  
CHOICE is an acronym for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs.


Off balance sheet exposures - like a guarantee - have a probability of becoming a credit exposure and shifting onto the balance sheet, for example if the guarantee is called.


<span style="color:#4B0082">'''''Dodd-Frank replacement unveiled'''''</span>


The CCF is an estimate of this probability.  
:In an ambitious plan to undo the US Dodd-Frank financial reform law, the head of the US House of Representatives banking panel has released a second draft of a replacement act.


By multiplying the CCF with the value of the guarantee or other off balance sheet exposure, you get the expected value of the credit exposure.
:... Republicans including President Trump believe Dodd-Frank, which has not been fully enacted, is unduly burdensome on banks and businesses, and restricts lending.


:''The Treasurer magazine, May 2017, p8''


==See also==
*[[Capital adequacy]]
* [[Credit]]
*[[Guarantee]]
*[[Off balance sheet risk]]
*[[Risk Weighted Assets]]


[[Category:Compliance_and_audit]]
<span style="color:#4B0082">'''''Financial CHOICE Act died, but parts of it were incorporated into other bills'''''</span>
[[Category:Financial_risk_management]]
 
:This bill would make sweeping changes to the financial regulatory system by revising the changes that were put in place after the 2008-2009 economic crash. The bill would weaken the Consumer Financial Protection Bureau, the Financial Stability Oversight Council, and regulations that prevent commercial banks from trading for their own gain, among other changes.
 
:This bill was introduced in a previous session of Congress and was passed by the House on June 8, 2017 but was never passed by the Senate. Provisions of this bill were incorporated into other bills.
 
:''US GovTrack, accessed May 2020.''
 
 
== See also ==
* [[Dodd-Frank]]
*[[Too Big To Fail]]
*[[Vickers Report]]
* [[Volcker Rule]]
 
 
===Other links===
 
[http://uk.practicallaw.com/3-502-8950 Summary of the Dodd-Frank Act: Swaps and Derivatives, Practical Law]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 20:19, 1 April 2022

US bank regulation.

A bill to repeal substantial parts of the Dodd-Frank Act, that was not fully enacted.

CHOICE is an acronym for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs.


Dodd-Frank replacement unveiled

In an ambitious plan to undo the US Dodd-Frank financial reform law, the head of the US House of Representatives banking panel has released a second draft of a replacement act.
... Republicans including President Trump believe Dodd-Frank, which has not been fully enacted, is unduly burdensome on banks and businesses, and restricts lending.
The Treasurer magazine, May 2017, p8


Financial CHOICE Act died, but parts of it were incorporated into other bills

This bill would make sweeping changes to the financial regulatory system by revising the changes that were put in place after the 2008-2009 economic crash. The bill would weaken the Consumer Financial Protection Bureau, the Financial Stability Oversight Council, and regulations that prevent commercial banks from trading for their own gain, among other changes.
This bill was introduced in a previous session of Congress and was passed by the House on June 8, 2017 but was never passed by the Senate. Provisions of this bill were incorporated into other bills.
US GovTrack, accessed May 2020.


See also


Other links

Summary of the Dodd-Frank Act: Swaps and Derivatives, Practical Law