On Friday, October 6, Treasury issued the second of its reports to the President on Core Principles for Financial Supervision. When it comes to financial regulation, the Treasury Department has little formal authority. Yet, when Treasury wants to, it can set the tone and drive the priorities. Did the Treasury do that with its most recent report and its June report What difference might this all make with regard to financial reform? And what might we expect from the Federal Reserve, the FDIC, the OCC and other financial regulators in response to these reports?
- J.W. Verret, Assistant Professor of Law, Antonin Scalia Law School
- Wayne Abernathy, Executive VP for Financial Institutions Policy and Regulatory Affairs, American Bankers Association
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