Professor Lawrence White shares his views on proposed changes to banking regulation
— April 25, 2017
Excerpt from The Washington Post -- "'Banks can change their portfolios relatively rapidly, which means they can get into trouble relatively rapidly,' he said. There should be more stress tests, not less, White argued. 'The whole point is that these guys are big and systemic,' White said. 'If they found themselves in an adverse scenario, the consequences are substantial.'"