Don’t Regulate Asset Managers As If They Were Banks

CFS Advisory Board Member Randal Quarles co-authored a letter with past SEC Chairmen, FDIC Chairmen, CFTC Commissioners, and SEC Commissioners encouraging thoughtful discussion and consideration of alternatives with regards to regulating asset managers. The letter was printed in The Wall Street Journal and is a response to a recent report titled “Asset Management and Financial Stability” that was put forth by the Office of Financial Research.

See: Randal Quarles’ Letter to the WSJ Titled “Don’t Regulate Asset Managers as If They Were Banks”

Studies Referenced in the Letter
See: Office of Financial Research Study
See: General Accountability Office Report

CFS Comments
See: Steven Lofchie’s Assessment of the OFR Study

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