TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
November 25, 2024
Source: SFNet
SFNet Advocates for Favorable Outcomes as Basel III Endgame Rulemaking Awaits New Administration
Federal regulators have announced a pause on major regulatory actions, including the Basel III Endgame proposal, until President-elect Trump takes office in 2025. During a House Financial Services Committee hearing on November 20, Federal Reserve Vice Chair Michael Barr confirmed that the central bank will not proceed with Basel III Endgame, the long-term debt proposal, or bank liquidity rules during the remainder of the current administration.
The Secured Finance Network (SFNet) has voiced significant concerns about the proposal’s handling of asset-based lending (ABL). Specifically, SFNet has publicly commented that the proposal fails to account for the risk mitigation provided by highly liquid nonfinancial collateral, such as receivables and inventory. SFNet warns that the proposed changes could raise capital requirements for ABL and potentially reduce credit availability for small and medium-sized businesses that depend on this financing.
In a September speech, Vice Chair Barr previewed changes that would reduce the proposed capital requirement increase from 19% to 9%. However, Committee Chairman Patrick McHenry noted that 76% of public comments on the original proposal were not fully addressed in these revisions, sparking concerns about transparency and responsiveness.
Rep. Andy Barr (R-KY), who recently led a bipartisan delegation to meet with the Basel Committee on Banking Supervision, emphasized that the Basel III Endgame should prioritize economic growth and align with the principle of capital neutrality. He cited feedback from Basel Committee officials, who suggested that the original proposal deviates from the capital neutrality envisioned in the Basel framework.
Vice Chair Barr defended the proposed changes, stating that they address the most critical comments and indicated that further revisions are likely before the final proposal. He reaffirmed the Federal Reserve’s commitment to adhering to the Administrative Procedure Act and working with new appointees at the Office of the Comptroller of the Currency (OCC) and FDIC in 2025.
The delay in implementing Basel III Endgame reflects a broader regulatory caution during the transition period. Both the FDIC and OCC have similarly confirmed they will not finalize any major rules in the next two months, signaling a pause across several key regulatory initiatives.