The report is a positive contribution to the debate on financial regulatory reform and includes a number of recommendations that could garner bipartisan support.
Treasury Department’s report on banks and credit unions is a positive contribution to the debate on how to address post-crisis financial reform.
Amid the uncertainty of timing, Trump’s appointments will have a major impact on the future of the post-crisis financial regulatory structure.
Now that much of the post-financial crisis regulatory structure is in place, it is time for policymakers to assess the cumulative impact of the reforms that have been made.
The testimony may place special emphasis on emerging threats that have been in the news recently, most notably cybersecurity and international concerns.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
The Financial Stability Oversight Council is set to meet this coming Monday, October 6. The Council’s agenda includes a continuation of its work in three important areas: designating non-bank firms as systemically important financial institutions (SIFIs), asset management, and improving financial data quality and removing data gaps. With news Friday of MetLife’s request for a hearing to contest its proposed designation as a SIFI, the meeting takes on heightened interest.
Complex systems are rarely designed from scratch. Governmental oversight structures often evolve through a series of reactions to crises, profit opportunities, and new technologies, not to mention scandals and other high-profile news events.