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Faculty News

Professor Kim Schoenholtz is interviewed about banking regulation and the faculty’s co-authored book, "Regulating Wall Street: CHOICE Act vs. Dodd-Frank"

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Excerpt from Bloomberg -- "I think there are positive aspects to both the CHOICE Act and to the Treasury proposal. I think it makes a lot of sense to reduce the regulatory burden on most banks, which are, in fact, rather small and pose very little threat to the financial system. However, unfortunately, both the CHOICE Act and the Treasury's proposal also appear to reduce the capital needs for the largest, most interconnected, most opaque banks, the ones that can really threaten the system."

Watch the video (Schoenholtz is at 2:01:00)