Mike & Co. — Last week Treasury Secretary Jack Lew wrote an opinion piece in the Wall Street Journal explaining why he is leading the FSOC to take a look at asset management firms for SIFI designation. He had a larger purpose in mind. In light of the MetLife v FSOC ruling it was seen …
Mike & Co. — It’s April, tax time, and tax reform is in the air in DC again this spring as Senate Finance and House Ways and Means both hold hearings on the topic this week. Additionally, the Joint Committee on Taxation released a comprehensive background report on corporate income tax (CIT) reform Friday which outlines and …
Mike & Co. — Hillary’s commanding victory in the New York primary last night is cause for celebration and bring the Secretary a decisive step toward the Democratic nomination. Tremendous effort and outcome — congratulations all around. Speaking of nominations, the path forward has gotten still murkier this month in Senate Banking. Four Committee Democrats …
Mike & Co. — As the New York primary results roll in tomorrow, we’ll see how the past fortnight’s debate on Wall Street policy played in the financial capital of America. After an at times tense debate last Thursday, the HRC campaign is in full throttle in the big apple, upstate, and on Long Island. I will …
Mike & Co. — At last night’s debate in Brooklyn, HRC took care of any lingering doubts in a few swift sentences — only one candidate will enforce, if not reinforce, Dodd-Frank… and knows what it means. Dispelling the cloud of uncertainty around Sen. Sanders’ comments on banking policy during his NY Daily News interview, …
Battle of Brooklyn Pt. 1: DFA and Transparency (Apr. 15) Read More »
Mike & Co., Two weeks after the MetLife decision was handed down, here come the Fed/FDIC living will findings that half of the nation’s eight SIFI banks failed to submit “credible” plans. The main policy takeaways from two developments appear at first blush to diverge sharply. MetLife restricts the authority of the USG (or …
Mike & Co. — The WSJ reported this afternoon that federal regulators are preparing to inform at least half of the nation’s eight systemically important banks that their living wills, the documents that dictate their bankruptcy plans, are not adequate. For these firms, such an announcement would have many effects, from requiring that they go …
Mike & Co. – With both Houses back in session, the Hill is alive with the sound of hearings. Of the many hearings of note this week (ten of which are listed at the end of the update), the most timely is on Wednesday, when Senate Budget Chair Mike Enzi holds the second in a series of …
Mike & Co — The week opened with an announcement by Treasury of rules designed to curb corporate inversions. By week’s end, the rules — which take effect on Monday — had their first success, or victim, depending on your perspective, as the proposed $70 billion Pfizer/Allergan merger was called off. Secretary Clinton released a …
Mike & Co. — Good seeing you and others at Julie Chon’s tonight. As you know, Labor Secretary Tom Perez announced the final DOL Fiduciary Rule this morning at the Center for American Progress. The Rule was six years in the making, the product of tense negotiations between some moderate Democrats and the Secretary …
