Shadow Financial Regulatory Committee

Video

 

 

 

Event Summary

The Shadow Financial Regulatory Committee (SFRC), an independent group of experts sponsored by AEI, released its latest findings at a press luncheon on Monday. Robert Eisenbeis of Cumberland Advisors began by presenting the first of three statements published by the committee, which encouraged regulators to narrow the range of assets covered by the Basel Committee liquidity coverage ratio to currency and deposits held at central banks. Eisenbeis argued that the current Basel III liquidity ratio requirements have been watered down to reflect the interests of individual governments and are not sound financial regulatory policy.

AEI's Peter Wallison then discussed the release of the Qualified Mortgage (QM) standard by the Consumer Financial Protection Bureau. Wallison stressed that the QM rule protects neither the homeowner nor the loan originator. Additionally, Wallison suggested that the legal-liability standard that the QM rule places on originators would hinder competition in the home-loan market.

Finally, Richard J. Herring of the University of Pennsylvania issued committee recommendations for improving bank capital adequacy disclosure. Herring outlined current risk-weighted capital adequacy standards' high susceptibility to manipulation, and suggested amendments to the Basel Committee's proposed leverage ratio. He also posited that recent developments in regulatory circles indicated growing support for a simpler leverage ratio.

--Andre Gardiner

Event Description

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry — including experts in banking, insurance, and securities — who meet regularly to study and critique regulatory policies affecting this sector of the economy.

During closed sessions before the luncheon, committee members will discuss a variety of current financial-regulation issues: Basel III implementation, bank capital leverage ratios, government-sponsored enterprises and qualified mortgages, and Securities and Exchange Commission issues. In a briefing following the sessions, SFRC members will present the adopted policy statements and answer related questions.

If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Peter J.
Wallison

What's new on AEI

In year four of Dodd-Frank, over-regulation is getting old
image Halbig v. Burwell: A stunning rebuke of a lawless and reckless administration
image Beware all the retirement 'crisis' reports
image Cut people or change how they're paid
AEI on Facebook
Events Calendar
  • 21
    MON
  • 22
    TUE
  • 23
    WED
  • 24
    THU
  • 25
    FRI
Monday, July 21, 2014 | 9:15 a.m. – 11:30 a.m.
Closing the gaps in health outcomes: Alternative paths forward

Please join us for a broader exploration of targeted interventions that provide real promise for reducing health disparities, limiting or delaying the onset of chronic health conditions, and improving the performance of the US health care system.

Monday, July 21, 2014 | 4:00 p.m. – 5:30 p.m.
Comprehending comprehensive universities

Join us for a panel discussion that seeks to comprehend the comprehensives and to determine the role these schools play in the nation’s college completion agenda.

Tuesday, July 22, 2014 | 8:50 a.m. – 12:00 p.m.
Who governs the Internet? A conversation on securing the multistakeholder process

Please join AEI’s Center for Internet, Communications, and Technology Policy for a conference to address key steps we can take, as members of the global community, to maintain a free Internet.

Thursday, July 24, 2014 | 9:00 a.m. – 10:00 a.m.
Expanding opportunity in America: A conversation with House Budget Committee Chairman Paul Ryan

Please join us as House Budget Committee Chairman Paul Ryan (R-WI) unveils a new set of policy reforms aimed at reducing poverty and increasing upward mobility throughout America.

Thursday, July 24, 2014 | 6:00 p.m. – 7:15 p.m.
Is it time to end the Export-Import Bank?

We welcome you to join us at AEI as POLITICO’s Ben White moderates a lively debate between Tim Carney, one of the bank’s fiercest critics, and Tony Fratto, one of the agency’s staunchest defenders.

No events scheduled this day.
No events scheduled today.
No events scheduled this day.
No events scheduled this day.
No events scheduled this day.