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  • The Clearing House Lauds House Passage of Critically Important Cyber Security Bills

    The Protecting Cyber Networks Act (H.R. 1560) and the National Cybersecurity Protection Advancement Act (H.R. 1731), will help better protect Americans’ sensitive personal information by facilitating more effective information sharing between the government and private sector which is critical to detecting and preventing cybercrime. The Clearing House is, however, disappointed that the House adopted amendments to both bills that will require them to sunset in seven years. These threats will not sunset and we need to ensure certainty and consistency for the long term. 


  • Financial Industry Associations Submit Comment Letter on Proposed Capital Surcharge for U.S. GSIBs

    The Clearing House Association (TCH), joined by the Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Roundtable (FSR), filed a comment letter with the Federal Reserve in response to its proposal to impose an additional capital surcharge requirement on U.S. global systemically important bank holding companies suggesting that the proposal be revised to better reflect the actual systemic risk posed by U.S. G-SIBs.

  • TCH Provides Recommendations to Basel Committee on its Proposed Revisions to the Standardized Approach for Credit Risk and Capital Floors

    In a comment letter filed with the Basel Committee on Banking Supervision in response to its “Revisions to the Standardized Approach for Credit Risk and Capital Floors: The Design of a Framework Based on Standardized Approaches” The Clearing House identifies areas where the Proposals should be modified to better achieve the Committee’s stated objectives of making the Standardized Approach more risk-sensitive, reducing reliance on external credit ratings and strengthening the comparability of risk-weighted asset calculations across jurisdictions.

  • The Clearing House Welcomes Study by Oliver Wyman Showing Increased Stability of the U.S. Banking System

    The study by Oliver Wyman entitled Post-Crisis Changes in the Stability of the U.S. Banking System, which was commissioned by The Clearing House,  shows substantial gains in financial stability in the U.S. banking sector since 2008, with banks having significantly more equity, more resilience to withstand stressful events, and higher quality portfolios. The study notes that recent improvements in stability that are partly attributable to the actions taken by banks, particularly larger banks, to reduce the riskiness of the assets on their balance sheets have also contributed to the greater stability of the financial system by reducing the risk of insolvency.

  • Paul Saltzman to Leave The Clearing House

    The Clearing House (TCH) announced that following a transition period, Paul Saltzman, President of The Clearing House Association and Executive Vice President and General Counsel of The Clearing House Payments Company, will be departing The Clearing House to explore other opportunities.

  • TCH President Paul Saltzman Calls for a “Dual Mandate” Approach to Financial Regulation that Balances Financial Stability and Economic Growth

    Paul Saltzman, President of The Clearing House Association, addressed the Exchequer Club in Washington, D.C. where he discussed the need for greater regulatory focus on achieving a banking system that is not only safe and stable but also resilient.  In his remarks, he called for policymakers to embrace a “dual mandate” approach to bank regulatory policy that simultaneously pursues and balances financial stability with economic growth and prosperity for consumers. He also discusses the great strides the banking system has made since the crisis in enhancing its safety and soundness and how this new “dual mandate” approach would apply in practice to forthcoming U.S. rulemakings, particularly the G-SIB surcharge, TLAC, and the NSFR. 

  • TCH Strongly Supports Regulatory Capital Rules Proposal

    The Clearing House Association filed a comment letter with U.S. bank regulators on proposed revisions to the U.S. Basel III capital rules for banks with consolidated total assets of at least $250 billion and consolidated on balance sheet foreign assets of at least $10 billion, expressing its strong support for the proposed revisions.

  • TCH Recommends Liquidity Monitoring Report Proposals be Revised to be More Consistent with the Liquidity Coverage Ratio

    The Clearing House Association, in coordination with ABA, FSR, and IIB, filed a letter with the Federal Reserve on its proposed revisions to two important supervisory liquidity reports, the Complex Institution Liquidity Monitoring Report (FR 2052a) and the Liquidity Monitoring Report (FR 2052b). In the letter, the associations suggest a number of recommendations that would more closely conform these liquidity reports with the requirements of the Liquidity Coverage Ratio (LCR) and international standards.

  • Industry Supports Total Loss Absorbency Requirement to Help Ensure G-SIBs Can Be Resolved in an Orderly Manner without Taxpayer Assistance

    Today, The Clearing House Association (TCH), in coordination with ABA, FSR, and SIFMA, filed a letter with the Financial Stability Board in response to its proposal to impose a total loss absorbing capacity (TLAC) requirement on global systemically important banking groups (G-SIBs). The letter expresses the industry’s strong support for a TLAC requirement for G-SIBs to help ensure that these institutions can be resolved in an orderly way at creditor rather than taxpayer expense, bringing us one final step closer to ending “Too Big to Fail.”

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