Archives: Bank Regulation

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Bank Loans to Federal Candidates

FEC audit reports often address obscure topics, but today one touched on an important issue for banks.  At an open meeting, a majority of FEC Commissioners would not support a staff recommendation that a bank violated the campaign finance laws when it made a loan based on collateral that was commercially reasonable under the banking … Continue Reading

Giving The Middle Class Credit: With Latest Bill, Congress Is Taking A Step In The Right Direction

Bank-fintech partnerships are good for consumers and banks, as I recently explained in testimony to Congress during a hearing on the opportunities and challenges in the fintech marketplace. Consumers benefit because banks are able to use fintech to deliver safer, more transparent, lower cost and more convenient financial products and services to consumers over the … Continue Reading

Can the G20 Pull the Global Economy Out of its Stall?

In recent days, Citi strategist Jonathan Stubbs and his colleagues have warned that the global economy is trapped in a “death spiral.”[1] Economist  Mohamed El-Erian says that the era when policymakers could rely upon growth from easy money provided by Central Banks is over, and went on too long[2].  Nouriel Roubini, also known as Dr. … Continue Reading

Building a EU Capital Markets Union

Building a “Capital Markets Union” for the 28 EU Member States was presented as one of the main priorities of Jean-Claude Juncker when he was appointed President of the European Commission last year. He saw it, together with his 315 Billion Euros investment plan, as part of his most important policy goal: to help boost … Continue Reading

G20 Mildly Optimistic about Growth, Worried About Greece, Annoyed at the US

The G20 Finance Ministers and Central Bank Governors met last weekend in DC during World Bank/IMF meetings to discuss global economic conditions.  OECD Secretary General Gurria and UN Secretary General Ban Ki Moon also attended as did IMF Managing Director LaGarde and World Bank President Kim. The US came in for heavy criticism for failing … Continue Reading

Economic Self-Reliance and Strategic Cooperation: 2014 BRICS Summit

The recently completed annual BRICS (the collective name for Brazil, Russia, India, China and South Africa) summit generated three agreements which demonstrate the ongoing move towards self-reliance and strategic cooperation amongst emerging and developing economies. The Agreement on the New Development Bank and the Treaty for the Establishment of a BRICS Contingent Reserve Arrangement have … Continue Reading
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