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Brian Moynihan, Signature Event

· Brian Moynihan, Chair and CEO of the Bank of America (United States)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability, climate, energy and nature

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· Brian Moynihan Wiki · Bank of America WikiBrian Moynihan, Signature Event

ContextPublic conversation of the Bank of America CEO with David M. Rubenstein before members of the Economic Club of Washington, D.C.

Why it mattersThe Bank of America chief pushes for transparent stress tests and lighter bank rules as the new administration reviews regulation.

Problems raised
  1. Bank rules kept tightening long after the crisis that justified them.
  2. Stress test results changed without transparent reasons.
  3. Inflation is still being squeezed out while growth slows toward 2 percent.
Solutions proposed
  1. Review regulation so it matches what Congress intended.
  2. Make the stress tests transparent and predictable.
  3. Raise the 1972 cash-reporting threshold to an inflation-adjusted level.
Read full speech on economicclub.org ↗

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