Greg Baer, CEO of the Bank Policy Institute, makes the case that regulators did not follow the law when they proposed new capital standards for the biggest banks by failing to provide adequate analysis and data. He details what he believes is missing and why he's confident a final rule will be substantially different.
Jan 17, 2024•33 min•Season 5Ep. 1
Derek Williams, chairman of ICBA and President and CEO of Century Bank & Trust in Milledgeville, Georgia, talks about the challenges and opportunities for community banks as they head into a new year, including how he sees economic issues and policy debates playing out.
Dec 12, 2023•41 min•Season 4Ep. 34
As AI becomes more prevalent, what are the risks to banks and consumers, particularly as software can now allow fraudsters to imitate a person's voice? Emily Flitter, reporter for the New York Times , talks about the growing threat from AI on financial security, how it is already changing lending and what policymakers can do to address it.
Dec 05, 2023•36 min•Season 4Ep. 33
Cornelius Hurley, professor at Boston University School of Law, breaks down the recent FHFA report calling for sweeping changes to the Home Loan Bank system. He discusses why it's important to refocus the banks on mission and how the debates over the report's finding will play out in future rulemakings and legislation.
Nov 28, 2023•43 min•Season 4Ep. 32
Randal Quarles, the former Fed vice chair, details how the new Basel III capital proposal could hurt the economy, casts doubt on the legality of the Fed's stress tests, and pushes back on criticism that his actions helped cause the failure of three regional banks earlier this spring. He also talks about his biggest concerns in the financial system right now, where interest rates are likely to go from here and his fears about the current power dynamics at the Fed.
Nov 14, 2023•56 min•Season 4Ep. 31
Zeke Faux, an investigative reporter for Bloomberg and the author of "Number Go Up: Inside Crypto's Wild Rise and Staggering Fall," goes behind the scenes on Sam Bankman Fried's conviction last week, including his interviews with the former FTX leader and what it means for the industry at large.
Nov 07, 2023•41 min•Season 4Ep. 30
Christina Skinner, assistant professor at The Wharton School of the University of Pennsylvania, talks about why a potential U.S. central bank digital currency "opens a Pandora's Box" of questions about the role of the Fed and could pose a grave threat to banks.
Oct 31, 2023•42 min•Season 4Ep. 29
Ebrima Sanneh, who covers the federal banking agencies for the American Banker , breaks down the final rule setting out new standards under the Community Reinvestment Act. He tackles how the rule changed from the proposal, the new standards for community banks, and how the industry is likely to react.
Oct 25, 2023•23 min•Season 4Ep. 28
Now that the Consumer Financial Protection Bureau appears likely to survive a Supreme Court challenge, will the agency be emboldened to push its powers further? Or will it be reined in by other forces? Evan Weinberger, who covers the CFPB for Bloomberg Law, analyzes the latest intel.
Oct 17, 2023•33 min•Season 4Ep. 27
Steve Scurlock, the head of government relations at the Independent Bankers Association of Texas, talks about the "whipsaw" effect on community banks of regulatory changes that rapidly shift with the change of administrations and regulators—and his biggest fears for the future.
Oct 03, 2023•34 min•Season 4Ep. 26
Matt Pieniazek, president of Darling Consulting, and Dave Koch, managing director of advisory services with Abrigo, discuss strategies for banks to navigate the challenging deposit market as the Fed nears the end of its rate hike cycle. Will the Fed raise rates again, how long will rates stay high and how best can banks prepare?
Sep 26, 2023•42 min•Season 4Ep. 25
Jonathan Gould, partner with Jones Day and a former general counsel of the Office of the Comptroller of the Currency, makes a case that the federal banking agencies are increasingly pushing the envelope even as courts become more skeptical of their powers. He also discusses the dangers of focusing too much on the safety of individual institutions at the expense of the overall risk to the system.
Sep 19, 2023•44 min•Season 4Ep. 24
Kevin Fromer, president and CEO of the Financial Services Forum, details why the big banks are pushing back vigorously against a new proposal to raise capital at the largest institutions by 20%, arguing it is unnecessary and could cost the U.S. economy at a critical time.
Sep 12, 2023•36 min•Season 4Ep. 23
Steven Kelly, associate director of research at the Yale Program on Financial Stability, pushes back on multiple narratives about why SVB failed and what policymakers should do to prevent another collapse like it. He also weighs in on federal regulators' new capital proposal and the battle over stablecoin regulation.
Jul 26, 2023•37 min•Season 4Ep. 22
Aaron Klein, senior fellow in economic studies at the Brookings Institution, talks about why he is skeptical of the impact of FedNow, the central bank's instant payment system due to launch this week.
Jul 19, 2023•42 min•Season 4Ep. 21
