Exams

While lawmakers are calling for a bill to raise Dodd-Frank's unpopular $50 billion threshold for banks to be considered "systemically important," regulators actually have the power to do it without legislation.

Regulators want banks to police MSBs for illicit activity, but they do not view all such businesses as high-risk, said David Cohen, Treasury's top AML official.

Almost a year after the Volcker Rule was finalized, banks still have questions about which regulators are taking the lead on the rule and how the supervisory and enforcement process will work.