Mar 17, 2023 | Opinion Editorials
In a guest essay, Jay Clayton, former chairman of the S.E.C., and @Gary_D_Cohn write that what happens next for small- and medium-sized banks “could determine not only their survival but have profound effects on our future.” Click here to read the...
Jul 7, 2020 | Opinion Editorials
Banks have enjoyed something of an unlooked-for reprieve during the COVID-19 crisis. Over the last decade, the industry was subject to increased regulatory scrutiny and public scorn triggered by misconduct scandals. During the coronavirus shutdown, however, banks have...
May 26, 2020 | Opinion Editorials
In the first response phase to COVID-19, the objective was clear: provide relief to those hit hardest by social distancing and minimize the impact on the overall economy. But the policies that support a rapid response can be quite different from those that support a...
Apr 30, 2020 | Opinion Editorials
The coronavirus pandemic, and our efforts to cut disease transmission, is forcing us to ask whether we have outgrown the need to carry and move money in physical form. We already have the technology to pay and transact in a purely digital fashion and use highly secure...
Apr 13, 2020 | Opinion Editorials
As we push money through the banking system to support those in need, we must manage conduct risk carefully. We can’t allow a public health and economic crisis to become a moral crisis as well. A host of bank misconduct scandals on the other side of this would...
Apr 6, 2020 | Opinion Editorials
Congress as part of its Cares Act has tapped the Federal Reserve as a partner in the fiscal response to the coronavirus pandemic. The Fed will be operating at an unprecedented scale, reportedly lending as much as $5 trillion, which is more than its entire balance...