Comments on: Annals of captured regulators, NY Fed edition http://blogs.reuters.com/felix-salmon/2014/03/20/annals-of-captured-regulators-ny-fed-edition/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: dsquared http://blogs.reuters.com/felix-salmon/2014/03/20/annals-of-captured-regulators-ny-fed-edition/comment-page-1/#comment-49490 Fri, 21 Mar 2014 07:40:21 +0000 https://blogs.reuters.com/felix-salmon/?p=23256#comment-49490 I think someone’s misunderstood something here. The delay has gone into the drafting of the final rule, after consultation based on the Notice of Proposed Rulemaking. That doesn’t mean that the date of implementation of the rule itself is necessarily going to change – in the NPR this rule was meant to be slowly phased in and to take effect on 1 January 2018. Given that, I think it’s pretty unlikely that a slight delay to get the rule drafted correctly – or even a full Quantitative Impact Study – is going to change the implementation schedule.

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By: crocodilechuck http://blogs.reuters.com/felix-salmon/2014/03/20/annals-of-captured-regulators-ny-fed-edition/comment-page-1/#comment-49488 Fri, 21 Mar 2014 03:03:23 +0000 https://blogs.reuters.com/felix-salmon/?p=23256#comment-49488 Felix

“In this game, the banks are on one side, and the regulators — primarily the Federal Reserve — are on the other”

To call the Federal Reserve a ‘bank regulator’ at this point is moot (in the sense of having little/no relevance). In the same vein as the former Treasury Sec’y testifying to Congress as ‘not being a regulator’, in contradistinction to his job design.

21stC American banking: its ‘Rafferty’s Rules’ – there aren’t any.

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