Amid the uncertainty of timing, Trump’s appointments will have a major impact on the future of the post-crisis financial regulatory structure.
The proposal would raise the regulatory burden on the eight most systemically important U.S. banks, especially compared to the large regional banks.
If Congress wants to seriously revisit the structure of the Federal Reserve, reforming the regional reserve banks is a good place to start.
While the president’s budget is best understood as an expression of one party’s agenda, the document does include a variety of new proposals.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
The Philadelphia Federal Reserve named Patrick Harker, one of its directors and the head of the University of Delaware, as its president and the newest U.S. monetary policymaker.