“How Can the Federal Reserve Pay Dividends to Its Shareholders When It Has No Profits?” by Alex Pollock
My good friend Alex Pollock’s latest article in the NY Sun questions the inappropriate structure of the Federal Reserve’s dividends.
Dismantling the FDIC Would Undermine a Fragile Banking System
My latest article, co-authored with Cornelius Hurley, was published today in Bloomberg Law. While we agree that U.S. banking regulation is in dire need of serious reform, we caution against speculation that the administration might cut the FDIC. As a former Chairman of the FDIC and, in Con’s case, a former Director of an FHLB, our long careers have helped us understand what works and what doesn’t in regulation. While the FDIC provides a vital service to American banking, we would advise the new administration to look at cutting a different entity: the FHLB system. Our article compares the historical context and present-day usefulness of these two bodies, and recommends a path forward.
Dismantling the FDIC Would Undermine a Fragile Banking System Read More »
Trimming outdated bank regulation is a good idea that won’t be easy
My latest article in The Hill, coauthored with my good friend Tom Vartanian, offers guidance as the incoming Trump administration promises to modernize banking regulation. Regulation must become smarter, the number of federal financial regulators should be consolidated, and the roles of the FDIC and Federal Reserve should be refocused.
Trimming outdated bank regulation is a good idea that won’t be easy Read More »
Trump Mulls Big Changes to Banking Regulation, Unsettling the Industry
I spoke with James Palmer at ALM’s Corporate Counsel on reports that the incoming Trump administration will look into cutting the FDIC, among other changes to banking regulation.
Trump Mulls Big Changes to Banking Regulation, Unsettling the Industry Read More »
The oversight of US banks could be in for some big changes under Trump
I spoke with David Hollerith at Yahoo! Finance on how the incoming presidential administration could reform banking regulation.
The oversight of US banks could be in for some big changes under Trump Read More »
Trump’s recruitment of watchdog chiefs impeded by talk of regulatory cuts
I spoke with the Financial Times about financial regulation and the new Trump administration.
Trump’s recruitment of watchdog chiefs impeded by talk of regulatory cuts Read More »
“An unseen financial threat looms before Trump and his Treasury” by Tom Vartanian
The next presidential administration will need to appoint competent leaders with innovative ideas for how to regulate the financial services industry, including banks and non-banks. Recent turbulence has demonstrated that our current regulatory system is no match for social media, cryptocurrency, and AI.
“An unseen financial threat looms before Trump and his Treasury” by Tom Vartanian Read More »
“Time To Bury The Basel Banking Accords” by Steve Forbes
Steve Forbes’ latest commentary calls for an end to the Basel Capital Accords. His piece quotes my recent article in American Banker.
“Time To Bury The Basel Banking Accords” by Steve Forbes Read More »
Rep. French Hill’s Plans for the American Banking System
I have known and respected French Hill for many years. He knows well that our nation’s continued success depends on healthy financial markets and a vibrant and strong banking sector.
Rep. French Hill’s Plans for the American Banking System Read More »
AFDICA Keynote Remarks
I enjoyed addressing the Association of FDIC Alumni in D.C. last month. My keynote remarks touched on many of the topics in my paper “It’s Broken, So Let’s Fix It.”
AFDICA Keynote Remarks Read More »