There’s lots of competition among banking regulatory
agencies. You have
the FDIC, the Office of the Comptroller of the Currency (OCC), the SEC and the Office of Thrift Supervision (OTS). They’re made up of bureaucrats vying for dominance and power. Criticism varies; as one example, the OCC is said by some to be too close to the big banks.
The question is whether such competition is healthy in that it may be imposing directives that make banks even more unstable in an emergency. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)
the FDIC, the Office of the Comptroller of the Currency (OCC), the SEC and the Office of Thrift Supervision (OTS). They’re made up of bureaucrats vying for dominance and power. Criticism varies; as one example, the OCC is said by some to be too close to the big banks.
The question is whether such competition is healthy in that it may be imposing directives that make banks even more unstable in an emergency. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)
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