Hoenig: Regulators Should Be 'Scrubbing' Bank Portfolios

The transcript discusses the current challenges in the banking industry, focusing on issues such as capital levels, supervision, and the impact of rising interest rates. It highlights the importance of shoring up the FDIC's Deposit Insurance Fund and the potential for significant losses in areas like commercial property and leveraged loans. The discussion emphasizes the need for regional banks, which are better capitalized and crucial for supporting small businesses and economic growth. The transcript concludes with a call for good management and adequate capitalization rather than increased regulation.

How can banks better manage their capital in light of rising interest rates?

What role do regional banks play in supporting the economy?

What are the potential consequences of increased regulations on regional banks?