News Topic: law-regulation

The Obama administration's proposed bank tax would apply to all liabilities of large financial institutions Â-- including their deposits. It's bad policy to tax the funding that banks use to make loans to consumers and businesses. ... Read full article

By prosecuting executives responsible for banks' misdeeds, the DOJ can curtail illegal activity and restore public trust in big banks Â-- and in the law itself. ... Read full article

Congress should end Puerto Rico's exclusion from federal bankruptcy protection Â-- but it's unfair to leave the territory's existing creditors in the lurch. ... Read full article

There's nothing wrong with big banks gaining market share because they offer the products and services that customers want. But there's a problem when big banks can beat off their smaller rivals with a club fashioned by legislators and ... Read full article

The Subsidy Reserve Act of 2015 could solve "too big to fail" and level the playing field for smaller banks by requiring the largest financial institutions to accumulate capital equal to the amount of the market subsidy they receive. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the Fed's proper role in speeding up the payment system; the perennial TBTF debate; and the privacy implications of anti-laundering regulations. ... Read full article

The FDIC is taking important steps to undo the damage caused by Operation Choke Point Â-- but fraud prevention company Early Warning apparently didnÂ't get the memo. ... Read full article

Right now, financial institutions are not required to know the identity of the living, breathing person behind accounts owned by legal entities. The beneficial ownership rules proposed by Fincen would help expose money launderers, tax evaders and ... Read full article

Big banks have only grown larger and more complex since the financial crisis, and there is reason to doubt the efficacy of measures aimed at preventing the risk of another taxpayer bailout. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week. ... Read full article

The Swiss National Bank's unexpected move to unpeg the country's currency from the euro serves as a reminder that central bank policies and actions can be hard to predict. Bank risk managers should stay on guard. ... Read full article

Outcries about regulators' negligence in ending too big to fail ignore a number of major developments since the financial crisis, including the new orderly liquidation authority and the overhaul of the regulatory capital framework. ... Read full article

Many colleges partner with banks to offer students special accounts. Unfortunately, the benefits of these accounts are grossly overstated and can even cause harm. ... Read full article

A better way to deal with the "too big to fail" problem would be to impose higher capital requirements or to issue "rescue" bonds to bank investors. ... Read full article

An admission of guilt would help investors make informed decisions about the validity of credit ratings and open up the rating business to healthy competition on the basis of quality. ... Read full article

A recap of the informed opinions (and the discussions they generated) on BankThink this week. ... Read full article

The Massachusetts senator wants to induce more competition and diversity in the banking industry and improve the economic prospects of a majority of Americans. Both changes would benefit the financial services sector as a whole. ... Read full article

Regulators are confused about whether to use capital buffers as a tool to stamp out too big to fail banks or as a cushion to protect the financial system from the next crisis. But the Dodd-Frank Act gives them a clear mandate: to eliminate market ... Read full article