Solid Ideas in all Three Treasury Reports — Here Are A Few More
By Norbert Michel, Director, Center for Data Analysis at The Heritage Foundation.
Treasury has now released three of the four reports due under President Trump’s Executive Order on Core Principles for Regulating the United States Financial System. The first covered depository institutions. The latest reports address (1) capital markets and (2) asset management and insurance companies.
The next report will cover “nonbank financial institutions, financial technology, and financial innovation.” (Treasury will also issue separate reviews of Dodd-Frank’s Orderly Liquidation Authority and the Financial Stability Oversight Council’s systemic risk designation process, respectively.)
The core principles articulated in the reports are excellent, and all three reports recommend good policies consistent with those principles. Overall, then, the reports are very positive and show clear support for the types of beneficial reforms that have already passed the House.
*This piece originally appeared in Forbes, click here to read