Dennis M. Kelleher is president and CEO of Better Markets, a Washington-based independent, nonpartisan, nonprofit organization that promotes the public interest in financial reform, financial markets and the economy.
There were significant red flags that regulators overlooked when allowing New York Community Bank to acquire Signature Bank. Those include the fact that the company was still integrating the Flagstar Bank transaction.
The real threat is from undercapitalized banks, and regulators must require large banks to have enough capital to eliminate that threat.
Bank and financial services supervisors have an affirmative duty to address the deep economic divide facing minorities in the U.S.
A supervisory letter detailing their failings in assessing exposure to a collapsed hedge fund suggests that the Federal Reserve believes banks are falling short in basic risk management.
A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy.
The global bank’s overhaul plan will put taxpayers and the financial system at risk.
As the bank's board conducts its search for a new CEO, it should exclude Wall Street titans from any shortlist.
Efforts to soften the ban on proprietary trading, now up for debate by regulators, put the country and taxpayers at risk once again.
Despite some regulatory gains under the last administration, the deregulation underway by Trump officials threatens to endanger the financial system all over again.
The bank must make fundamental changes to avoid becoming the ultimate scapegoat for grievances about Wall Street's biggest banks.