Eugene Ludwig

Dec 16, 2024 | americanbanker.com | Eugene Ludwig

The incoming administration has already made several public statements suggesting a desire to reduce financial services regulation. And many in the industry have specific regulations or regimes they'd like to see eliminated. The incoming administration's influence over Congress, at least over the next two years, presents a unique opportunity for those who want to modernize bank regulation. But what does this mean in practice?

Nov 18, 2024 | americanbanker.com | Eugene Ludwig

In the 19th century, before the establishment of the Office of the Comptroller of the Currency by Abraham Lincoln, America had a loose, state-run banking system. This system, which essentially functioned as the entire financial system at the time, was prone to instability. The era, often referred to today as the "wildcat" banking era, ultimately came a cropper, leading to losses for depositors and hardship for countless Americans.

Oct 21, 2024 | americanbanker.com | Eugene Ludwig |John Dugan

Why are America's financial system and economy the strongest in the world? In a word, choice. Our market-driven system provides maximum choice to consumers and businesses — including the choice for businesses like banks to operate under uniform national rules that minimize the cost, disruption and confusion of a patchwork of local rules. The freedom to choose a single set of national standards yields efficiencies that benefit American consumers and businesses, both economically and operationally.

Oct 21, 2024 | today.westlaw.com | Eugene Ludwig |John Dugan

Why are America's financial system and economy the strongest in the world? In a word, choice. Our market-driven system provides maximum choice to consumers and businesses — including the choice for businesses like banks to operate under uniform...

Aug 19, 2024 | americanbanker.com | Eugene Ludwig

Last month, I discussed the evolving technology landscape and its impact on banking, outlining my intention to explore various tech-related topics in future op-eds. I begin this series with data and data governance, both because it is a critical area for successful tech-stack implementation — it must be done right for other projects to function well or at all — and because it is an area of weakness for many banking organizations.