On December 2, 2016, Federal Reserve Board Governor Tarullo gave a speech defending post-financial crisis efforts to strengthen regulation governing the financial system. Governor Tarullo also criticized recent Republican legislative regulatory reform proposals, including the Financial CHOICE Act's proposal to raise the leverage ratio of banks to 10% in return for relief from many other prudential requirements, including risk-based capital requirements.
Governor Tarullo's remarks are available at: https://www.federalreserve.gov/newsevents/speech/tarullo20161202a.htm.
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