Ryan Tracy
speaker
141 appearances
3 recordings
1 series
first heard Jun 2018
last heard Nov 2018
Ryan Tracy’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · House Democrats Can Rein in Banks, But Not Deregulation · 9 Nov 2018
podcast
We expect there'll be a short-term extension of that program.
And Ms.
Waters is going to be right at the forefront of trying to deal with Republicans at the very same time as she's pursuing this aggressive oversight.
So it's going to be interesting to see how that balances out.
Thanks for having me.
Yeah, that's right.
President Trump talked about on the campaign and soon after taking office his desire to revisit the rulebook for Wall Street, for big banks, and really banks of all sizes, including community banks as well.
And the way you can think about it is under the Obama administration, there was a lot of turning up of the volume knob in terms of adding rules to the rulebook, making rules tighter and tighter on banks.
And the Trump team is figuring out ways that they can start turning that down.
Yes.
So one of the specific things that we talk about in the story today is a rule governing liquidity.
In other words, does the bank have enough cash on hand to pay its bills on
in the short term.
And this grew out of 2008 when we had even well-capitalized strong banks who were on the brink of collapse because all of a sudden they were relying on short-term volatile sources of funding that evaporated in the crisis.
This rule applies equally to a lot of big banks, including those that aren't really global in scale.
For example, banks like PNC or Capital One or U.S.
Bank.
And those banks have been arguing for a long time that the rule is too harsh on them and that they shouldn't have to follow the same liquidity rule as, say, a Goldman Sachs.
And that's something that, as we report, the Fed's looking at.
Yeah, that's right.
Showing 41–60 of 141 · page 3 of 8
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