I was happy to join Chairman Barr, in the letter to Fed Vice Chair for Supervision Barr, requesting more detail on the analysis and supporting data that were used to develop the Basel III Endgame proposals.
Foster emphasizes the need for transparency in banking regulation discussions.
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I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
I think it is my personal goal to die before we have another financial crisis, and then I will be doing my job well.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
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