Rodgin Cohen on Volcker Rule, Financial Regulation

The transcript discusses the impact of banking regulations, focusing on anti-money laundering (AML) and the Volcker Rule. It highlights the role of regulatory agencies and leadership in shaping policies. The discussion includes the potential for an AML utility to reduce burdens and improve effectiveness. The importance of leadership in regulatory agencies is emphasized, with a focus on key positions like the vice chair for supervision at the Fed. The transcript concludes with strategies for businesses to navigate regulatory uncertainty, emphasizing the need for influence on governmental priorities.

What are some critical changes that could significantly impact the performance of banks?

How does the concept of 'the perfect is the enemy of the good' apply to banking regulations?

What is the significance of anti-money laundering (AML) regulations in the banking industry?

What are the three key positions that influence regulatory policy in banking?

How does uncertainty affect business planning in the banking sector?