In 2017, the agencies published additional findings on the CRA as part of the Federal Financial Institutions Examination Council 2017 Joint Report to Congress, Economic Growth and Regulatory Paperwork Reduction Act Review, March 2017. In 2018, the Office of the Comptroller of the Currency published an Advance Notice of Proposed Rulemaking (ANPR) asking for comments on a ratio-based approach to rating performance.
As concerns direct government support to the financial sector, today’s priority is “rapidity of execution.” Decisions that have already been taken should be implemented swiftly. This holds true, in particular, for recapitalisation, as currently only about 55% of funds earmarked for recapitalisation have been used in the euro area. In crisis times, rapid implementation is crucial.