Prepared slideshow for the 54th NAWRS Annual Workshop, August 2014.
The power of bank living wills lies beyond what’s written down on paper. Living wills are a gateway for regulators to change the company itself. If companies’ living wills are not to regulators’ liking, regulators can require the institutions to restructure, raise capital, reduce leverage, divest or downsize.
In April, the “equal pay debate” was the opening salvo for politicians seeking women voters in the midterms. It set off a firestorm.
American women have made astounding progress in the labor market over the last 60 years. But in the shadow of this success, millions of working women are struggling.
Want more accountability of Wall Street? Start with their regulators. Financial regulators are rewriting the rules of finance with little to no consideration about how their actions will impact the economy. The result is unnecessary and potentially serious costs on consumers, investors, and economic growth.
Because federal financial regulators are structured as independent regulatory agencies, they generally are not required to conduct economic analysis of their rules, consider reasonable alternatives, or disclose details to the public. Statutory economic analysis of new rulemakings would improve transparency and increase the effectiveness of rule writing at the financial regulatory agencies.