From the controversial Volcker Rule to new mortgage standards, several new regulations will test the effectiveness of U.S. oversight of the financial industry in 2014.
An expert panel — including Bob Dannhauser, CFA, head of capital markets policy at CFA Institute — discusses key regulations affecting the financial industry in the coming year. They examine the impact of the Volcker Rule; what’s next for Fannie Mae and Freddie Mac and likely changes to housing finance; and what’s ahead for Dodd-Frank regulations.
German Chancellor Angela Merkel will go to Paris on Friday to discuss issues confronting Europe, French President Emmanuel Macron's office said. Macron is pressing for action on proposals from France and Germany to reform the EU. Reuters (17 Jan.)
Two Federal Reserve officials have publicly disagreed on whether the US economy is so hot it needs to be cooled off by higher interest rates. Federal Reserve Bank of Dallas President Robert Kaplan said that he is concerned about the economy overheating and that the central bank should raise rates three times this year, while Federal Reserve Bank of Chicago President Charles Evans said that he isn't troubled by asset valuations and that fewer than three rate increases are "probably appropriate." Reuters (17 Jan.)
French President Emmanuel Macron has appointed Sylvie Goulard, a former EU lawmaker who once served as French defense minister, as deputy governor of the central bank. The appointment of a politician is a departure from the tradition of selecting someone from civil service. Reuters (17 Jan.)
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