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ECB Vice President Vítor Constâncio speaking at the 2016 Minsky Conference
Warren Lays Out Detailed Plan to Take on Wall Street
American Banker, April 15, 2015. All Rights Reserved. WASHINGTON — Sen. Elizabeth Warren, D-Mass., delivered a sweeping speech Wednesday aimed at what she’s calling "the unfinished business of financial reform." Warren laid out a number of broad policy goals for the banking industry, arguing that while the Dodd-Frank Act "made some real progress," more needs […]
Elizabeth Warren Has a Game-changing Idea That Doesn’t Require Congress
Vox, April 15, 2015. All Rights Reserved. Elizabeth Warren isn’t running for president. But she does have an agenda for reining in the big banks that would go well beyond the Obama administration’s (underrated) bank regulation moves and substantially alter the role of Wall Street in American life. In a speech delivered on April 15 […]
Warren Calls for Breaking Up the Banks
US News & World Report, April 15, 2015. All Rights Reserved. Sen. Elizabeth Warren, D-Mass., called Wednesday for breaking up big banks through structural reforms that would bring a decisive end to “too big to fail.” Warren told a Levy Economics Institute conference she has worked with other lawmakers to advance a bill that would […]
Anti-Wall Street Senator Lambasts Bank Non-prosecution Deals
Financial Times, April 15, 2015. All Rights Reserved. Elizabeth Warren, the anti-Wall Street senator, has lashed out at US regulators for being soft on misbehaving banks, describing settlements that extracted billion dollar fines as a “slap on the wrist” and demanding that banks be put on trial. The remarks by Ms Warren, who has emerged […]
Fed’s Bullard Renews Call for Rate Hike
Financial Times, April 15, 2015. All Rights Reserved. US growth is set to remain relatively "robust" and low inflation is due largely to temporary factors, St Louis Federal Reserve president James Bullard said in a speech on Wednesday morning in Washington DC. He renewed his recent calls for higher interest rates, in part because of […]
FDIC’s Thomas Hoenig: Banks Should Meet Capital Minimum to Get Regulatory Relief
The Wall Street Journal, April 15, 2015. All Rights Reserved. WASHINGTON—The No. 2 official at the Federal Deposit Insurance Corp. said banks should get “regulatory relief” if they meet minimum capital requirements and other criteria, weighing in as Congress considers measures to ease rules on smaller banks. FDIC Vice Chairman Thomas Hoenig, who favors breaking […]
Bullard Says Zero Policy Rate Risks Asset-Price Bubbles
Bloomberg, April 15, 2015. All Rights Reserved. Federal Reserve Bank of St. Louis President James Bullard repeated his call for beginning to normalize monetary policy and said maintaining interest rates near zero risks destructive asset-price bubbles. “A risk of remaining at the zero lower bound too long is that a significant asset-market bubble will develop,” […]
Fed’s Bullard Says “No Problem” with Hiking Then Returning to Zero
Reuters, April 15, 2015. All Rights Reserved. (Reuters) – A top Federal Reserve official said on Wednesday that it’s okay for the Fed to raise interest rates and then return to near-zero levels if the economic data shows that the central bank needs to retreat. "I don’t think there’s a problem with that," St. Louis […]
FDIC’s Hoenig: Blanket Small Bank-Exemption from Volcker Unwise
MNI Deutsche Börse Group, April 15, 2015. All Rights Reserved. WASHINGTON (MNI) – The vice chair of the Federal Deposit Insurance Corp. Wednesday argued against giving all small banks an exemption from the ban on proprietary trading by traditional banks, commonly known as the Volcker Rule, arguing that it does not impose any added regulatory […]
Warren pitches ideas for stronger Wall Street curbs
The Boston Globe, April 15, 2015. All Rights Reserved. Massachusetts Senator Elizabeth Warren wants to limit to just one the number of deals financial institutions accused of wrongdoing can cut with the government, a change that she believes would force corporations to follow the rules or face criminal charges. It’s among several new ideas that […]
Warren Says Banks Should Face Bigger Tax Burden to Balance Risks
Chicago Tribune, April 15, 2015. All Rights Reserved. Wall Street banks and their top executives should face new tax penalties to keep them from engaging in risky practices that can pose threats to the financial system, Sen. Elizabeth Warren said Wednesday. Warren, who has been a leading defender of the Dodd-Frank Act, called on the […]