Wayne Abernathy, Executive Director, American Bankers Association
Several federal regulatory agencies now have oversight over various aspects of the financial industry. In the wake of the financial crisis, the Obama Administration, Congress, and a number of commentators have given serious consideration to consolidating regulatory oversight into a single uber agency. That’s the UK model where the Financial Services Authority is a one-stop-shop for all financial regulation. Will that work here? We consider the pros and cons in a live online discussion with ABA executive director Wayne Abernathy.