Rep. Mooney Introduces Bank Risk Reduction Act
May 07, 2024
May 07, 2024
WASHINGTON, May 7 -- Rep. Alex Mooney, R-West Virginia, issued the following news release:
Recently, Rep. Alex X. Mooney introduced H.R. 8153, the Bank Risk Reduction Act, to eliminate regulations that hinder bank risk management and create systemic risk. Specifically, this legislation eliminates Dodd-Frank's mandatory margin, or collateral, requirements with respect to interest rate swaps that hedge interest rate risk of bank assets.
Interest rate risk is the like . . .
Recently, Rep. Alex X. Mooney introduced H.R. 8153, the Bank Risk Reduction Act, to eliminate regulations that hinder bank risk management and create systemic risk. Specifically, this legislation eliminates Dodd-Frank's mandatory margin, or collateral, requirements with respect to interest rate swaps that hedge interest rate risk of bank assets.
Interest rate risk is the like . . .