Chairman Sherrod Brown Senate Committee on Banking, Housing and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection 534 Dirksen Senate Office Building Washington, DC 20510 Re: Subcommittee Hearing: “Finding the Right Capital Regulation for Insurers” Dear Chairman Brown and Members of the Subcommittee: Thank you for the opportunity to present my views on the […]
Statement from Sheila C. Bair on her appointment as an Independent Director to the Board of Grupo Santander, SA “I am pleased to be appointed as an independent director to the board of Grupo Santander, SA., the Madrid-based Spanish bank which owns global banking operations. As an independent director my role will be to help […]
Publication: New York Times Author: Gretchen Morgenson 1/5/2014 – Regulators made some real progress last year attacking the risks of too-big-to-fail banks. The Volcker Rule and other Dodd-Frank reforms were completed, and, perhaps even more important, three big regulators devised a proposal for tougher capital rules intended to ensure that banks would never require a government bailout when their risky bets […]
Publication: New York Times Author: Simon Johnson 12/19/2013 —In modern American political discourse, it is unusual to see ideas explode before your very eyes. It’s much more typical for bad ideas to drift away quietly – or alternatively to stick around, year after year, despite being completely at odds with the facts. On Dec. 11, at a […]
Publication: Financial Times Author: Paul Volcker and John Reed 12/11/2013 —Much has been written about the degree of progress in continuing financial reform. Too little credit, however, has been given to regulators for their efforts to impose a simple, commonsense, leverage restriction on our largest bank holding companies. Read the full editorial, A Safer Financial System is Now Within […]
Publication: New York Times Author: Floyd Norris 9/19/2013 —Bank regulators around the world are forcing banks to hold more capital than they did before the financial crisis revealed just how inadequate their capital truly was. But one set of American banks appears to be on the verge of keeping the right to have no capital at all. […]
Publication: Bloomberg Author: Dave Michaels 9/18/2013 —Money-market mutual fund providers and the municipalities and corporations relying on them to manage cash are telling U.S. House lawmakers to be wary of new regulation for the $2.6 trillion industry. The groups are using a House Financial Services panel’s hearing in Washington today to kick off a lobbying campaign against a Securities […]
Publication: Bloomberg Author: Dave Michaels and Christopher Condon 9/05/2013 —A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, U.S. Securities and Exchange Commission Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.” It […]
Publication: Reuters Author: Emily Stephenson 4/09/2013 —A bipartisan group of senators on Tuesday urged bank regulators to finish new capital rules, forcing banks to meet higher capital ratios and rely less on complicated calculations of the riskiness of their assets. Debate in Washington has heated up over whether the 2010 Dodd-Frank law and other measures did enough […]
Publication: New York Times Author: Diana Henriques 4/06/2013 —This is the kind of market that makes cautious investors long for the comfort of cash. Stocks? They seem a little frothy. Bonds? Ugh — low rates, inflation worries. Real estate? Still a hard sell. For decades, investors have waited out financial fogs like these in the haven of money […]