The FinReg Pod
Go behind the scenes of some of the most interesting topics at the intersection of finance, law, and public policy. Hosted by Lee Reiners, executive director of the Global Financial Markets Center at Duke University School of Law.
info_outline How Financial Institutions Can Help America Heal 07/31/2020
How Financial Institutions Can Help America Heal Rodney Hood is the first African-American to lead a federal banking regulatory agency, the National Credit Union Administration, which oversees federally insured credit unions. In this role, Chairman Hood has focused on reinforcing places that have fallen behind, like hard-pressed urban areas and rural communities fighting decline. Chairman Hood offers thoughts on how inclusion can be made a priority in the industry and what institutions can do to promote inclusion, opportunities in underserved communities.
info_outline Minority Depository Institutions and Inclusive Lending 07/27/2020
Minority Depository Institutions and Inclusive Lending Jim Sills, CEO/President of M&F Bank in Durham, discusses the role of Minority Depository Institutions, challenges they are facing during COVID-19, and opportunities presented by renewed support for black owned banks in the wake of George Floyd’s death. M&F Bank was founded in 1907 by nine African American businessmen in Durham in a thriving district that is now known as Black Wall Street. Today, M&F Bank is a $265M state-chartered bank with over 70 employees, serving the five largest urban markets in NC.
info_outline Revisiting the Flash Crash 07/16/2020
Revisiting the Flash Crash Liam Vaughan discusses his new book: “Flash Crash: A Trading Savant, a Global Manhunt, and the Most Mysterious Market Crash in History.” The Flash Crash occurred on May 6th, 2010, when the DJIA plunged 9% in minutes only to recover a large part of the loss within half-an-hour. Liam is a senior reporter with Bloomberg and Businessweek magazine in London.
info_outline Breaking Down the Bank Stress Tests 06/29/2020
Breaking Down the Bank Stress Tests Last Thursday, the Fed released the results of its annual bank stress tests. Due to the pandemic and the economic recession it has caused, there was added attention on this year’s results. Gregg Gelzinis explains what the stress tests reveal, and what risks remain. Gregg is a senior policy analyst for Economic Policy at the Center American Progress. You can learn more about the GFMC by visiting our website: https://law.duke.edu/globalfinancialmarkets/
info_outline The Fiscal Policy Response to COVID-19 06/17/2020
The Fiscal Policy Response to COVID-19 COVID-19 has upended American capitalism and forced the federal government to spend unprecedented sums to support struggling consumers and businesses. In this episode, Vanguard's global chief economist, Joe Davis, talks about the efficacy of the fiscal policy response and what more can be done.
info_outline Stress in America’s Housing Finance System 05/11/2020
Stress in America’s Housing Finance System Ed DeMarco, president of the Housing Policy Council, talks about current stresses our nation’s housing finance system is facing and the impact of the CARES Act forbearance plan. From 2009 to 2014, he was acting director of the FHFA, where he served as the conservator for Fannie Mae and Freddie Mac and regulator of those companies and the Federal Home Loan Banks. DeMarco also talks about the future of Fannie and Freddie.
info_outline Inside the Paycheck Protection Program 04/15/2020
Inside the Paycheck Protection Program Greg Seward, General Counsel of Wilmington, North Carolina based LiveOak Bank, talks about how the Paycheck Protection Program is working in practice and some of the challenges banks like his are having in meeting the demand for these loans. LiveOak is the largest SBA lender in the country and Greg has been consulting with the SBA and other lenders as they struggle to help support America’s small businesses during the pandemic.
info_outline Coronavirus and the Federal Reserve 04/11/2020
Coronavirus and the Federal Reserve The coronavirus pandemic has upended American capitalism and forced the Federal Reserve to take drastic steps to keep money flowing throughout the financial system. The Fed has expanded with unprecedented lending facilities that target corporate America directly. A conversation with Federal Reserve Board Governor, Sarah Bloom Raskin; GFMC faculty director, Lawrence Baxter, and GFMC executive director, Lee Reiners.
info_outline The Risks and Benefits of Modern Market Structure 03/15/2020
The Risks and Benefits of Modern Market Structure Ty Gellasch is executive director of Healthy Markets Association, an investor-focused non-profit coalition that was founded on the premise that investors need independent information and analysis of market structure. Ty discusses the rise of numerous for-profit securities exchanges, the role of high-frequency trading, and the ability of regulators to understand what’s going on in securities markets.
info_outline American Bonds: How Credit Markets Shaped a Nation 02/28/2020
American Bonds: How Credit Markets Shaped a Nation Sarah Quinn, an Associate Professor of Sociology at the University of Washington, and author of: "American Bonds: How Credit Markets Shaped a Nation," talks about the long history of the US government’s use of credit allocation as a tool of statecraft.
info_outline Exchange Traded Funds and Financial Stability 01/30/2020
Exchange Traded Funds and Financial Stability Ryan Clements, assistant professor at the University of Calgary Law School, discusses his research on how ETFs may contribute to financial market instability. ETFs have made the average investor immeasurably better off by providing low-cost diversification, but his research has shed light on what is a classic tragedy of the commons problem, whereby what is rational for individual investors could weaken the market as a whole.
info_outline A View from Basel: Cross-border financial regulation in the post-crisis era 11/25/2019
A View from Basel: Cross-border financial regulation in the post-crisis era Bill Coen, former Secretary General of the Basel Committee on Banking Supervision, discusses his experience on the Basel Committee as he led the effort to develop and define the Committee's strategy with the ultimate objective of reaching consensus on global guidelines, standards, and best practices. Bill also highlights some of the critiques on the Basel Committee.
info_outline The Impact of Climate Change on Financial Stability 11/13/2019
The Impact of Climate Change on Financial Stability Rostin Behnam, Commodity Futures Trading Commission (CFTC) Commissioner, and Sarah Bloom Raskin, former Deputy Treasury Secretary and Federal Reserve Board Governor, speak about the risks that climate change poses to the stability of our financial system. This episode is a fascinating conversation about a topic that is unfortunately only growing in prominence as we continue to see more and more severe weather events.
info_outline Ben Lawsky on Regulating Cryptocurrency 11/01/2019
Ben Lawsky on Regulating Cryptocurrency Ben Lawsky, CEO of the Lawsky Group and the former New York State Superintendent of Financial Services, talks about his experience creating the New York BitLicense, a first-of-its-kind state licensing regime for the virtual currency industry with The FinReg Pod host, Lee Reiners.
info_outline The Impact of America's Slow Payment System on Income Inequality 10/22/2019
The Impact of America's Slow Payment System on Income Inequality Aaron Klein addresses the costs of America’s slow and antiquated payment system and its contribution to economic inequality with The FinReg Pod host Lee Reiners. Klein is a fellow in Economic Studies and policy director of the Center on Regulation and Markets at the Brookings Institution. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy.
info_outline Revisiting the National Mortgage Settlement: part 2 10/09/2019
Revisiting the National Mortgage Settlement: part 2 Part 2 of Joe Smith talking about his role as court appointed monitor of the National Mortgage Settlement in the wake of the global financial crisis with The FinReg Pod host Lee Reiners. Smith is currently a partner at Poyner Spruill and a fellow at the Global Financial Markets Center. From 2002 to 2012, Joe served as North Carolina Commissioner of Banks, before taking on his role as monitor.
info_outline Revisiting the National Mortgage Settlement: part 1 10/07/2019
Revisiting the National Mortgage Settlement: part 1 Joe Smith talks about his role as court appointed monitor of the National Mortgage Settlement in the wake of the global financial crisis with The FinReg Pod host Lee Reiners. Smith is currently a partner at Poyner Spruill and a fellow at the Global Financial Markets Center. From 2002 to 2012, Joe served as North Carolina Commissioner of Banks, before taking on his role as monitor.