Kleinheinz Fellow, The Hoover Institution at Stanford University
Tyler Goodspeed is the Kleinheinz Fellow at the Hoover Institution at Stanford University. From 2020 to 2021 he served as Chairman of the Council of Economic Advisers, having been appointed by the President as a Member of the Council in 2019. In that role he advised the Administration’s economic response to the coronavirus pandemic, as well as subsequent economic recovery packages. He resigned from the Council on 7th January 2021, having previously served as Chief Economist for Macroeconomic Policy and Senior Economist for tax, public finance, and macroeconomics, playing an instrumental role in designing the 2017 Tax Cuts and Jobs Act.
Before joining the Council, Dr. Goodspeed was on the Faculty of Economics at the University of Oxford and was a lecturer in economics at King’s College London. He has published extensively on financial regulation, banking, and monetary economics, with particular attention to the role of access to credit in mitigating the effects of adverse aggregate shocks in historical contexts, especially exogenous environmental shocks. His research has appeared in three full-length monographs from academic presses, as well as numerous articles in peer-reviewed and edited journals. He received his B.A., M.A., and Ph.D. from Harvard University; and he received his M.Phil from the University of Cambridge, where he was a Gates Scholar. He is a current member of the American Economic Association and Economic History Association, and was previously a member of the Economic History Society and Royal Economic Society, as well as an adjunct scholar at the Cato Institute.
Partner, Davis Polk & Wardwell LLP
Mr. Guynn is head of Davis Polk’s Financial Institutions Group. He has been recognized as a thought-leader on financial regulatory reform and as one of the most widely consulted U.S. legal advisers during the financial crisis. See “In the Red Zone,”The American Lawyer, January 2009 and “For Davis Polk, Dodd-Frank Pays,” The American Lawyer, December 2010.
He has advised the Securities Industry and Financial Markets Association (SIFMA), the principal trade organization for U.S. banks, securities firms and asset managers, all of the U.S.’s six-largest banks and several foreign banks on the Dodd-Frank Act and its regulatory implementation.
His practice focuses on providing strategic bank and regulatory and enforcement advice and advising on M&A and capital markets transactions when the target or issuer is a banking organization or other financial institution. He also advises on bank failures and recapitalizations, corporate governance and internal controls, cross-border collateral transactions, credit risk management, securities settlement systems and payment systems.
Fellow in Economic Studies and Policy Director, Center on Regulation and Markets, Brookings Institution
Aaron Klein is a fellow in Economic Studies at the Brookings Institution, where he also serves as policy director of the Center on Regulation and Markets. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Previously, Klein directed the Bipartisan Policy Center’s Financial Regulatory Reform Initiative. Klein served as Deputy Assistant Secretary for Economic Policy at the U.S. Treasury Department from 2009-2012. While at Treasury, Klein worked on multiple issues ranging from implementing aspects of the financial recovery program to developing new policy for financial regulation, housing finance, transportation and infrastructure, and Native American issues.
Prior to his appointment, he served as Chief Economist of the Senate Banking, Housing and Urban Affairs Committee for Chairmen Chris Dodd (D-CT) and Paul Sarbanes (D-MD). While working in the Senate Klein played a key role in a series of major legislation including, the Economic Emergency Stabilization Act of 2008 (better known as TARP), the Housing and Economic Recovery Act of 2008, the SAFETEA Act of 2005 that re-wrote America's surface transportation policy, the Check Truncation Act of 2003, the Terrorism Risk Insurance Act of 2002, and the Sarbanes-Oxley Act of 2002. A graduate of Dartmouth College and Princeton University, Klein lives in his hometown of Silver Spring, MD with his wife and two daughters.
Vice President of Regulatory Affairs, Solidus Labs; Former Director, Consumer Financial Protection Bureau
The Honorable Kathleen L. Kraninger is the Vice President of Regulatory Affairs at Solidus Labs where she leads the firm’s regulatory strategy and works to advance market integrity and responsible innovation in digital asset markets. Solidus Labs is the first automated, comprehensive, and testable market surveillance and risk monitoring hub tailored for digital assets.
Previously, she served as the Senate-confirmed Director of the Consumer Financial Protection Bureau from December 2018 until January 2021, leading the 1,500-person independent, regulatory and law enforcement agency. She made her mark on all aspects of the agency’s mission and operations, particularly in facilitating innovation, promoting financial inclusion and leading through the economic uncertainty of the global pandemic. In addition, Kraninger served on the board of the Federal Deposit Insurance Corporation, the Financial Stability Oversight Board, and as chair of the Federal Financial Institutions Examinations Council.
Her distinguished public sector career spans senior roles at the Departments of Transportation and Homeland Security, the Office of Management and Budget, and in both the Senate and the House of Representatives. Kraninger graduated magna cum laude from Marquette University and earned a law degree from Georgetown University Law Center. She served as a U.S. Peace Corps Volunteer in Ukraine.
Partner, Mayer Brown
Andrew Olmem is a partner in Mayer Brown’s Washington DC office and a member of its Public Policy, Regulatory & Government Affairs, and Financial Services Regulatory & Enforcement practices. His practice focuses on complex financial services regulatory and public policy matters.
Andrew previously served as the Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council (NEC), where he oversaw the development and coordination of the administrations’ domestic economic policies, including for financial services, technology, telecom, energy, and infrastructure.
Earlier, he also served as the Republican Chief Counsel and Deputy Staff Director at the U.S. Senate Committee on Banking, Housing and Urban Affairs. Andrew began his legal career practicing corporate and securities law at Mayer Brown in New York City. Prior to attending law school, he served as an Assistant Economist at the Federal Reserve Bank of Richmond.
Panel 2: What Should be the Future of Financial Regulation?
Tyler Beck Goodspeed, Randall D. Guynn, Aaron Klein, Kathy Kraninger, Andrew Olmem
Sponsored by the Financial Services & E-Commerce Practice Group
From the 1970’s to the passage of the Gramm-Leach-Bliley Act in 1998, financial regulation in...