Gregg Gelzinis
Associate director for the Economic Policy teamGregg Gelzinis is an associate director for Economic Policy at the Center for American Progress.
Gregg Gelzinis is an associate director for Economic Policy at the Center for American Progress.
The Treasury secretary has suggested raising an asset cutoff used by the Financial Stability Oversight Council to assess systemically significant nonbanks, removing some hedge funds and other risky firms from the council's purview.
The Financial Stability Oversight Council should ignore two recent Treasury Department recommendations regarding the labeling of systemically risky nonbanks.
A House bill would deregulate both domestic and foreign banks that control trillions of dollars of combined assets, reducing financial stability and tying the hands of regulators to reapply heightened standards in the future.
The lack of progress by the Trump administration with an examination of hedge fund risks is particularly troubling in light of key Trump backers’ ties to the hedge fund industry.
The administration’s regulatory blueprint would undermine the calculation of the so-called leverage ratio, a key ingredient in determining large banks’ capital strength.
A movement is afoot to eliminate the Federal Insurance Office, which was established by the Dodd-Frank Act, but here’s why that would be a mistake.