David Zaring

193 posts

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David Zaring

David Zaring

@ZaringDavid

Professor at Wharton. Financial regulation, administrative law.

Philadelphia, PA Katılım Ocak 2019
1.2K Takip Edilen2.4K Takipçiler
David Zaring
David Zaring@ZaringDavid·
I talked to American Banker about the decline in enforcement actions against banks. It is okay, but lighter enforcement paired with lighter supervision limits the tools that regulators can use to cajole banks - it is emergency/other lending, and advice. americanbanker.com/news/enforceme…
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David Zaring
David Zaring@ZaringDavid·
The Fed's Basel proposal is out - and Basel first appears on p. 12 n. 22. It's cited plenty in the proposal, but the Fed wants this to look like it is based on its domestic legal authorities. /federalreserve.gov/aboutthefed/bo…
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David Zaring
David Zaring@ZaringDavid·
I filed a comment on the skinny payments accounts offered by the Fed, wrote a law review article on it, talked to reporters about it (I like it), and now, here I am in podcast form on the same topic. Next might have to be interpretive dance. podcasts.apple.com/us/podcast/thi…
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David Zaring
David Zaring@ZaringDavid·
@Marc_Fagel I've always found the SEED guys to be pretty reliable. What's wrong with this report?
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Marc Fagel
Marc Fagel@Marc_Fagel·
@ZaringDavid While the current SEC is a disaster, those numbers are not remotely accurate. Which isn't to say the numbers are close to respectable (especially if you net out all the crypto cases they've dropped).
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David Zaring
David Zaring@ZaringDavid·
The SEC needs a new enforcement director and the job looks like easy money. Since Uyeda and Atkins have served, the agency has initiated 3 enforcement actions. During September, which is enforcement szn for reporting reasons, the SEC issued filed 1. cornerstone.com/wp-content/upl…
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David Zaring
David Zaring@ZaringDavid·
UniCredit already has a lot of German clients, and this is the kind of acquisition that the EU is in theory into - takes away a national champion and adds to a pan-European financial supermarket. Natch, I'm giving you the NE Iowa take. communitynewspapergroup.com/news/nation/eu…
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David Zaring
David Zaring@ZaringDavid·
I guess it is good to have the NCUA and FDIC chairs on the record that stablecoins aren't eligible for pass-through deposit insurance, but the GENIUS Act would seem to require it as a matter of law, see the section 4 gloss. financialservices.house.gov/uploadedfiles/…
Kyle Hauptman@kylehauptman

This is sensible. Stablecoins shouldn’t even have a need for govt insurance. No fractional-reserve banking. No risk of a “run.” No leverage. Backed 1-for1 with cash and Treasuries. Each token’s market price should be $1.00 at all times, with 24/7/365 settlement.

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David Zaring
David Zaring@ZaringDavid·
@JillCastilla That would limit it to chartered banks, wouldn’t it? Can’t see the Fed opening the discount window to fintechs. If that would even be legal.
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David Zaring
David Zaring@ZaringDavid·
Bowman got back from Basel last night, and is planning on unveiling the new Basel III Endgame before the end of the month. It's hard to turn away from The Globalized Governance of Finance.
American Bankers Association@ABABankers

Happening this AM at #ABASummit: 🔹Opening remarks from ABA Chair / @ficonnected CEO Kenneth Kelly 🔹@federalreserve update from Vice Chair Bowman 🔹Panel on the fight against fraud 🔹View from @FDICgov with Chair Hill 🔹Conversation with @USComptroller twitter.com/i/broadcasts/1…

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David Zaring
David Zaring@ZaringDavid·
Very glad to be part of a fantastic virtual symposium comparing US and EU financial regulation - I've already talked about my collaboration with Alessio Pacces on climate disclosure, do check out the rest of the contributions. papers.ssrn.com/sol3/papers.cf…
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Todd Phillips
Todd Phillips@tphillips·
@ZaringDavid Right. By my point was more, it looks like it might be a due process case (like Cook), rather than a take care clause case (like all the others). I think the latter is a take care case.
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David Zaring
David Zaring@ZaringDavid·
Removed for drinking problems sure sounds like for cause removal, which members of the NTSB enjoy: "The President may remove a member for inefficiency, neglect of duty, or malfeasance in office." Surprised the White House bothered with an explanation. politico.com/news/2026/03/0…
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David Zaring
David Zaring@ZaringDavid·
@tphillips He's promising a suit ... as is another NTSB member who was removed, in that case I think without cause being identified.
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Todd Phillips
Todd Phillips@tphillips·
@ZaringDavid If that is the case, I smell a due process challenge coming, a la Governor Cook.
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David Zaring
David Zaring@ZaringDavid·
@RicZmp Usually not tho you can ask for a PI on the usual standard I think
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Ric
Ric@RicZmp·
@ZaringDavid Would the apa claim stay the designation until further proceedings?
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David Zaring
David Zaring@ZaringDavid·
Now that DOD has formally designated Anthropic as a supply chain risk, let's talk lawsuits. APA review is available, but no company has yet undone a designation, and in one suit, a Chinese manufacturer failed to show "that it has been deprived of a protected liberty...1/2
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David Zaring
David Zaring@ZaringDavid·
Figured that the skinny masters might wait until the Fed finalized its guidance, but if Kraken can get one before that, I guess the applications from nonbanks will come flying in. I assume banks would be able to claim a competitive injury to sue over this. kansascityfed.org/newsroom/2026-…
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Keşfet

@Marc_Fagel @JillCastilla @tphillips @RicZmp @elonmusk @BarackObama @taylorswift13 @cristiano