A View From Both Sides of the Bank Regulation Fight

The video discusses the evolution of financial regulation since the 2008 crisis, highlighting the role of lawyers in navigating regulatory changes. It examines the potential impacts of deregulation under President Trump and debates whether past regulations, like Dodd-Frank, went too far. The discussion emphasizes the need for a balanced approach to regulation that supports both business and fair practices.

What was one of the key roles of financial regulation after the 2008 crisis?

• To eliminate all non-bank financial institutions

• To level the playing field for banks and non-banks

• To reduce consumer rights

• To increase bank profits

What is a concern for banks regarding deregulation under President Trump?

• The decrease in consumer demand

• The rise in interest rates

• The increase in taxes

• The form that deregulation will take

According to Dan Tarullo, what might be necessary regarding financial regulation?

• Ignoring the current regulations

• Complete removal of all regulations

• Increasing regulations further

• Dialing back some regulations

What is a common challenge when a new regulatory regime is introduced?

• A period of adjustment and implementation

• Quick adaptation by businesses

• Complete rejection by the public

• Immediate success without any issues

What is the ultimate goal in balancing business and regulation?

• To ensure regulations are more stringent than necessary

• To prioritize business interests over regulations

• To find the right balance between good business and fair regulation

• To eliminate all regulations