Columbia's Calomiris Says Financial Regulation Is a Flop

The video discusses the challenges and inefficiencies in current financial regulation, highlighting the disconnect between academic insights and public understanding. It critiques the regulatory burden on banks, especially smaller ones, and questions the effectiveness of these regulations. The Trump administration's intent to reassess regulations is explored, along with the potential impact on international agreements like Basel. The discussion also covers how large banks benefit from current regulations, creating barriers for smaller competitors.

What is one of the main issues with current financial regulation according to the first section?

• It is not enforced by the government.

• It is too lenient on large banks.

• It creates high costs without effective outcomes.

• It is overly beneficial to small banks.

What is the Trump administration's general stance on financial regulation?

• They want to increase regulations.

• They aim to question the cost-benefit of regulations.

• They plan to eliminate all financial regulations.

• They intend to support small banks exclusively.

Who is mentioned as a key figure in the Trump administration's financial regulation efforts?

• Brian Moynihan

• Andrew Ullman

• Mark Zuckerberg

• James Dimon

What is the concern of international CEOs regarding the U.S. stepping out of agreements like Basel?

• That it would reduce competition among banks.

• That it would lead to more meaningful regulation.

• That it would benefit only small banks.

• That it would increase the cost of compliance.

Why might large banks be more cooperative with current regulations?

• They are not affected by international agreements.

• They face fewer compliance costs.

• They benefit from barriers to entry for smaller banks.

• They have no choice but to comply.