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4/15/16 - Gene Ludwig on More Efficient — and More Effective — Bank Regulation

The cover story of Bank Director’s second-quarter 2016 issue covered the daunting compliance requirements U.S. banks face after decades of accumulated rulemaking, and quoted Promontory Chief Executive Officer Gene Ludwig on how to accomplish more efficient — and more effective — regulations.

“Almost all of our regulations were done with good attitude and in accordance with expert views,” Ludwig said. “But in almost every case they’ve never been reviewed from a highly academic or scientific perspective. We do not have measures or academically sound studies as to whether most of these rules are effective at all.”

For the full article, please click here.

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