Goldman Sachs' comment letter regarding “Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies.”
On April 30th, Goldman Sachs responded to the Federal Reserve’s request for comments on its Notice of Proposed Rulemaking related to “Enhanced Prudential Standards and Early Remediation Requirements for Covered Companies” (Dodd-Frank Sections 165-166). The letter notes our appreciation of the Federal Reserve’s continued efforts to strengthen the resiliency of the country’s financial system. However, as we discuss in this letter, parts of the Proposed Rules could damage, rather than strengthen, the systemic safety of the U.S. financial sector and ultimately the U.S. economy.
Comment Letter [PDF 497 KB]