The Agencies

Maxine Takes Helm at House Financial Svcs. (November 30)

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 …

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Trump’s Financial Regulators: One Year in and Changing the Game Already (Feb. 28)

Update 252 — Trump’s Financial Regulators: One Year in and Changing the Game Already From consumer protection to regulation of firms, the financial regulatory landscape has changed markedly in some areas and is stillborn in others. Trump regulators have made a variety of decisions that has escaped broader notice. We take a tour of the …

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Fin Reg Agency Review (Jun. 22)

Update 186 — Fin Reg Agency Review: Wrecking Crew for Administrative State? This morning, Chris Giancarlo appeared before the Senate Agriculture Committee for his confirmation hearing to lead the Commodities Futures Trading Commission.  At this juncture, the ideological profile of the administration’s nominees and appointees to serve on the financial regulatory agencies is gaining an unmistakeable hue. We …

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What's up with the SEC? (July 11)

Mike & Co., Last week, tersely-worded letters from prominent Senators brought the SEC back into focus.  Issues with the SEC’s proposed regulations have been raised before by Sens. Warren and Brown, who have gone so far as to challenge Chair White’s leadership abilities and intentions. Issues at the SEC are further complicated by the continued vacancies of two seats on the five-member …

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The Warner-Warren Derivatives Reform Bill (July 6)

Mike & Co., Last week, Sens. Warner and Warren, along with Rep. Elijah Cummings, announced the Derivatives Oversight and Taxpayer Protection Act (S. 3188, H.R. 5592), , a bill to strengthen the CFTC’s power to regulate derivatives transactions and increase the agency’s budget by changing the source of its appropriations. Yesterday, the bill’s three sponsors followed up …

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SEC Nominations (Apr. 20)

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 …

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