Last month's approval of a purer capital measure for the biggest banks was not only a major step in regulators' response to the crisis, but it also shed light on the clout of two policymakers with key roles in advancing the regulation, neither of whom heads one of the agencies that enacted it.
As members of the Federal Deposit Insurance Corp.'s board, Thomas Hoenig and Jeremiah Norton must largely let Chairman Martin Gruenberg run the FDIC's agenda. But as was the case with past FDIC directors, both Hoenig, the agency's vice chairman, and Norton have still found ways to influence policy.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access