This Week in Financial Regulation, June 23rd

This Week in Financial Regulation, June 23rd

News and Commentary

Kate Davidson reports for The Wall Street Journal that Andrew Olmem, Deputy Director of the National Economic Council, has left The White House. Olmem was a key figure in the Trump Administration’s efforts to revamp financial regulations.

Thomas Aiello writes at Government Executive that the federal government ought to wind down its conservatorship of Fannie Mae and Freddie Mac, the nation’s two government-sponsored enterprises that operate in the secondary mortgage market. Aiello argues that the two housing lenders operate with large moral hazard and that enacting higher capital requirements and fundamentally restructuring the organizations will lower risk to taxpayers and the financial system at-large.

Stanford University finance professor Darrell Duffie was interviewed on Macro Musings. He discussed with host David Beckworth how the market for Treasury securities could be greatly benefited by an expanded centralized clearing mechanism.

The Cato Institute and the Mercatus Center are holding a four-part series of events on ways to reform the Federal Reserve to ensure that the central bank is ready for the next crisis. The final event will be held June 25th at 1:00 p.m. EDT and will feature Peter Stella, formerly of the International Monetary Fund, George Selgin of the Cato Institute, and UCLA professor Sebastian Edwards. The event will be moderated by Politico reporter Victoria Guida.


New Research

A report from Elena Carletti, Stijn Claessens, Antonio Fatás, and Xavier Vives for the Centre for Economic Policy Research and the IESE Business School of the University of Navarra discusses how the COVID-19 pandemic has exposed flaws in the traditional banking business model and examines how industry players are adapting to these new set of challenges as well as the associated policy and regulatory issues therein.

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By |2020-06-23T14:31:00-07:00June 23rd, 2020|Blog, Financial Regulation|