Hsu Identifies Near-Term Microprudential Options to Curtail Systemic Risk via Bank Inter-Connections
Acting Comptroller Hsu warned that the risks of blurred lines between commerce and banking pose financial-stability risks, especially when it comes to payment systems and private equity.
Waters Adds to Democratic CapOne/Discover Merger Opposition
Building on Democratic opposition, HFSC Ranking Member Waters (D-CA) made it clear that she vigorously opposes Capital One’s acquisition of Discover, arguing that it not only validates her view that tough new capital rules are essential, but also the significant risks large regional banks continue to pose.