Update 345 — HFSC Megabank CEO Hearing:Private Custodians of Public Systemic Risk The CEOs of the nation’s biggest financial institutions will meet on Capitol Hill tomorrow for the first time since the financial crisis for a House Financial Services Committee hearing. The purpose of this unusual gathering is to hold the firms these CEOs lead …
Update 343 — Changing of the HFSC Guard:New Members and Majority on Capital Markets Tomorrow, the House Financial Services Subcommittee that considers bills regulating capital markets activities will do so for the first time this Congress. Gone are the days when the Subcommittee’s majority pursued a deregulatory campaign to undo Dodd-Frank protections against abuses like …
Update 338 — “Activities-Based” Designation: Red Herring from FSOC Gets Hearing at SBC With April Fool’s Day coming up, one might believe a Trump Treasury proposal seeks greater regulatory focus on systemically risky financial activity, were one to read last week’s FSOC proposal (Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies). But …
Red Herring from FSOC Gets Hearing at SBC (March 15) Read More »
Update 316 — Fed Stability Report: Incomplete Missing: Systemic Risk and TBTF Analysis Yesterday, the Dow lost over 800 points, its third worst point decline in history; the S&P 500 saw its steepest fall since February. Waves of selling are hitting Wall Street amid fear of slowing economic growth and trade tensions between the U.S. …
Update 315: Rough Waters Ahead for Banks? Maxine Takes Helm at House Financial Svcs. The gavel passing from retiring Rep. Jeb Hensarling (R-TX) to Rep. Maxine Waters (CA) at the House Financial Services Committee augurs one of the clearest sea changes in policy and style a U.S. House Committee will see in the 116th …
Maxine Takes Helm at House Financial Svcs. (November 30) Read More »
Update 312: Economic Policy Implications of the Midterms and the 116th Congress The result of last week’s midterms will have important ramifications for economic policy during the 116th Congress. Democrats have taken the majority in the House and will take majority control of key committees setting the legislative agenda. More than 100 women were projected …
Economic Policy Implications of the Midterms (November 13) Read More »
Update 311: Economic Policy Issues Throughout the 2018 Midterm Campaign As we look ahead to next week’s midterms, we take a look back at four of the key economic policy themes that have played out this cycle. Across the country this cycle we have seen common themes and policies resonating with voters in seemingly disparate …
Economic Policy Issues Throughout the 2018 Midterms (November 2) Read More »
Update 302: Senate Banking Hearing Tomorrow on S. 2155 — Why is Implementation So Slow? When the Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) was signed into law four months ago, we saw risk, not a reason to rush implementation. Industry apparently sees otherwise and so Senate Banking will ask why it’s …
Senate Banking Hearing Tomorrow — Why is Implementation So Slow? (October 1) Read More »
Update 300: Review of the Banking Sector; the Irony of Records Being Set Amid Deregulation Today we go back to basics with a quarterly review of the health of the financial sector and the disparate sub-sectors comprising it. Industry has fostered misrepresentations of the state of the sector claiming to be hamstrung by regulation and …
Update 286: If at First You Do Succeed…JOBS Act 3.0 — S. 2155 Redux Writ Small? On Monday, a package of financial regulatory measures (deregulatory in aggregate effect), cleared the House overwhelmingly and has joined the short-list of bills on the Senate’s post-recess floor time queue. JOBS 3.0 raises plenty of non-Dodd-Frank issues, but it …
JOBS Act 3.0 — S. 2155 Redux Writ Small? (July 20) Read More »
