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.
From the article:
Any attempt to recalibrate financial regulation in America must reevaluate the extent to which all financial providers should be regulated, as well as how deposit insurance can be reimagined to keep the calm in an economy where almost 50 percent of deposits are uninsured and social media can burn down a bank in a matter of hours.
Read the full article here.