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FSOC is too political to be taken seriously

  • Alex Pollock
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  • American Banker
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  • April 18, 2017

The Financial Stability Oversight Council is a political body masquerading as an analytical one. A dubious creation of the Dodd-Frank Act, it reflects that law’s urge to expand the power of bureaucrats, in turn reflecting the implausible credo that they can control “systemic risk” because they know the financial future better than other people. They don’t.

The expected result of a committee of heads of federal

MetLife names Roberto Matus Vice President, Government Relations, Latin America

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  • April 17, 2017

WASHINGTON, D.C., April 17, 2017 – MetLife, Inc. (NYSE: MET) today announced that Roberto Matus has joined the company as vice president of Government Relations, Latin America. Matus will be based in Washington and report to Susan Greenwell, senior vice president and head of International Government Relations for MetLife.

“Roberto has deep experience in Washington, where he has spent many years as a senior member of Chile’s diplomatic corps,” said Greenwell

A Flawed Process Generated by a Flawed Structure

  • Alex J. Pollock - Distinguished Senior Fellow, R Street Institute Washington, DC
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  • March 28, 2017

Madam Chairman, Ranking Member Green, and Members of the Subcommittee, thank you for the opportunity to be here today. I am Alex Pollock, a senior fellow at the R Street Institute, and these are my personal views. I spent 35 years in banking, including twelve years a President and CEO of the Federal Home Loan Bank of Chicago, and then eleven years as a fellow of the American Enterprise Institute, before joining R Street last year. I have both experienced and studied numerous financial crises

Is there a uniform standard for FSOC designation?

  • Paul H Kupiec - Resident Scholar, American Enterprise Institute
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  • March 28, 2017

Chairman Wagner, Ranking Member Green, and distinguished members of the subcommittee, thank you for convening today’s hearing on the FSOC non-bank SIFI designation process, and for inviting me to testify. I am a resident scholar at the American Enterprise Institute, but this testimony represents my personal views. My research is focused on banking, regulation, financial stability and systemic risk. I have prior experience working on these issues at the Federal Reserve Board, the IMF and the

The Arbitrary and Inconsistent Non-Bank SIFI Designation Process

  • Douglas Holtz-Eakin, President - American Action Forum
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  • March 28, 2017

Chairman Wagner, Ranking Member Green, and members of the Subcommittee, thank you for the opportunity to appear today and share my views on the Financial Stability Oversight Council’s (FSOC) non-bank designation process. And thank you for your work on the report released earlier this month. I’ve found it useful in highlighting and explaining both the procedural and substantive problems with FSOC. FSOC’s mission is to identify, monitor, and address threats to America’s financial

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