If Congress wants to seriously revisit the structure of the Federal Reserve, reforming the regional reserve banks is a good place to start.
Tinkering with the Federal Reserve’s system to fund current congressional spending initiatives sets a dangerous precedent and is bad policy.
President Obama has yet to nominate anyone to be the Fed’s new vice chair for supervision, frustrating some lawmakers and industry officials.
Efforts to fill top positions at Federal Reserve branches are casting a spotlight on a process that critics say is opaque, favors insiders, and is ripe for reform.
Vacancies are slowly piling up and little action has been taken to fill them. There are currently five vacancies at independent financial regulatory agencies.
While observers fear the markup will be a partisan battle, BPC believes that there is ample room for Democrats and Republicans on to find common ground.
BPC’s Financial Regulatory Reform Initiative highlights news articles, papers and other important work which illuminate current and new thinking within financial regulation.
Five years after the passage of Dodd-Frank, legislation released on Tuesday is an important step forward in the effort to continue with financial reform.