Category Archives: Patrick McHenry

Increasing Transparency at the Financial Stability Board and Basel Committee

By | March 14, 2017

Shortly after President Trump took office, Congressman Patrick McHenry (R-NC) sent a sharply worded letter to Janet Yellen demanding that the Federal Reserve immediately cease participation in international financial regulation forums such as the Financial Stability Board (FSB), The Basel Committee on Banking and Supervision (BCBS), and the International Association of Insurance Supervisors (IAIS). McHenry… Read More »

New Legislation Designed to Make the U.S. a Fintech Leader

By | November 17, 2016

In his book Stress Test, former Treasury Secretary Tim Geithner vividly describes the difficulty he encountered in trying to get the various federal financial regulators to go along with the Obama administration’s post-crisis regulatory reform agenda.  In the summer of 2009, after the Treasury Department released the details of their proposal, regulators swarmed Capitol Hill… Read More »