Everything Has a Price: The Cost of US Basel Endgame for the Main Street Economy (On Demand Seminar)

A pre-recorded streaming VIDEO from the August 2023 seminar, Everything Has a Price: The Cost of US Basel Endgame for the Main Street Economy.

In July 2023, the US federal banking regulators jointly proposed extensive revisions to the regulatory capital requirements for midsize and larger US banking organizations. The revisions are lengthy and would change the requirements for credit, market, operational, and derivative counterparty risk. Some of the revisions are long-expected, but others are novel or driven in response to the recent banking crisis. Further, the revisions are expected to materially increase the amount of capital that many larger banking organizations must hold, which may lead to a decline in bank lending and bank trading activities. Therefore, while the proposal is primarily of interest to the ~50 largest US banking organizations, smaller banks and corporate customers will want to tune in to understand where the proposal may increase the cost of banking products and services or make them less available.

Topics Include:

• Background to Regulatory Capital
• Scope of Application Review
• Standardized and Advanced Approaches for Credit Risk
• Market Risk and Operational Risk Capital Requirements
• Examination of other Proposed Changes
• Discussion about Next Steps
  

ABOUT THE SPEAKERS

Matthew Bisanz, Mayer Brown LLP / Washington, DC

Matthew Bisanz is a bank regulatory partner in Mayer Brown's Financial Services practice. He advises financial institutions on all major aspects of the operations of an insured depository institution, its affiliates, and its partners. Further, his practice extends to serving the other regulatory and supervisory needs of financial institutions, including through his podcast on bank risk management practices, Credibly Challenged (www.crediblychallenged.com). Matt is also a certified public accountant and teaches accounting at University of Maryland Global Campus.

Max Bonici, Venable LLP / Washington, DC

Max Bonici is a counsel in Venable’s Financial Services practice, focusing on federal and state bank regulatory issues. Max advises U.S. and non-U.S. financial institutions, their affiliates, partners and vendors, as well as other entities, on bank regulatory, supervisory and enforcement matters. Max regularly contributes to industry publications and events, including training opportunities and CLE courses, and serves as a general counsel to Women in Housing and Finance, a nonpartisan association of women and men that actively promotes its members in the fields of housing and financial services while retaining a focus on its women members.