AEI: Is the Bank Holding Company Act obsolete?

11/28/2017 @ 10:00 am - 12:00 pm

Register here.

In 1956, Congress passed the Bank Holding Company Act to stop interstate banking — a goal that the 1994 Riegle-Neal Act made obsolete. The Bank Holding Company Act subjected bank holding companies to Federal Reserve Board regulation — doubling the number of federal regulatory agencies for most banks — and prohibited mixing bank ownership with ownership of commercial and industrial firms. The Fed’s expansive regulatory powers have fueled investor expectations that large bank holding companies are “too big to fail,” and the act’s prohibition against mixing banking and commerce remains controversial.

Should the Bank Holding Company Act be repealed so bank holding companies are governed by normal corporate law? Is the prohibition against mixing banking and commerce good policy or merely a protection for incumbent bankers? Join AEI as experts address this controversial issue.

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If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.


Agenda

9:45 AM
Registration

10:00 AM
Introduction:
Paul H. Kupiec, AEI

10:05 AM
Remarks:
Keith Noreika, acting US comptroller of the currency

10:30 AM
Panel discussion

Panelists:
Wayne Abernathy, American Bankers Association
Paul H. Kupiec, AEI
George Sutton, former Utah financial services commissioner
Lawrence White, New York University Stern School of Business

Moderator:
Alex J. Pollock, R Street Institute

11:45 AM
Q&A

12:00 PM
Adjournment


Event Contact Information

For more information, please contact Ryan Nabil at ryan.nabil@aei.org, 202.419.5204.


Media Contact Information

For media inquiries or to register a camera crew, please contact MediaServices@aei.org, 202.862.5829

Details

Start:
10:00 AM

End:
12:00 PM

Cost:
$0.00

Website:
http://www.aei.org/events/is-the-bank-holding-company-act-obsolete/

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