Michael Hsu

2 weeks ago | brookings.edu | Colby Smith |Sheila Bair |Michael Hsu

How banks are supervised has been an intense debate for decades. Too often this conversation has focused on legislative and regulatory rules, ignoring the discretionary application of these rules that comprise bank supervision. In their new book, “Private Finance, Public Power: A History of Bank Supervision in America,” professors Peter Conti-Brown and Sean Vanatta uncover how the American system of bank oversight works and how it came to be.