Rodgin Cohen Shares Insights on the Capital Markets at Prudential Regulation ConferenceJune 4, 2019
Senior Chairman Rodgin Cohen shared his insights at the 6th Annual Prudential Regulation Conference. Hosted by SIFMA and the Bank Policy Institute, this year’s conference gathered policymakers, practitioners and subject matter experts to discuss the current prudential regulations’ impact on capital markets, including market liquidity, capital formation and innovation. S&C was once again a proud sponsor of the conference, which was held in Washington, D.C. on June 4.
The adoption of complex, conservative, prudential regulatory requirements has resulted in banks being subject to multiple risk-based capital ratios, leverage ratios, capital buffers and Total Loss-Absorbing Capital ratios. This was to increase resiliency, by requiring banks to hold greater levels of capital and liquidity, but they come at a cost: the more capital required, the less deployed into the economy.