Thomas M. Hoenig is a distinguished senior fellow at the Mercatus Center of George Mason University. He has served as the vice chairman of the Federal Deposit Insurance Corp. and president of the Federal Reserve Bank of Kansas City.
Every time we revise bank capital rules, we uncover new flaws that leave banks unprepared for unexpected stress events.
In addressing systemic risks posed by fluctuating cryptocurrency values, the Federal Reserve and other central banks must acknowledge that quantitative easing has driven up the price of digital assets.
The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.
The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.
The differences in business model between commercial banks and universal banks should not be ignored as Congress works to recalibrate the regulatory regime.
The idea that the trading ban burdens community banks and prevents them from investing in fintech opportunities is misleading.