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The Revolving Door

Saturday, February 25, 2017 5:00
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(Before It's News)

from the Atlanta Fed

– this post authored by Larry D. Wall

The financial regulatory agencies have a critical role in determining the direction of financial regulatory policy. The legislation on financial regulatory issues passed by Congress rarely contains detailed instructions to the regulatory agencies. Rather, most legislation establishes goals for the individual agencies and gives each one a toolbox of regulatory powers with which to attain the goals. Moreover, the various goals set by Congress for the individual agencies sometimes have very different implications for the appropriate use of the tools provided by Congress. The multiplicity of goals leaves it to the regulatory agencies to decide how best to balance the various objectives.

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Source: http://econintersect.com/pages/contributors/contributor.php?post=201702250546

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