About the author: Sean McMahon | SmartBlogs

Sean McMahon Sean McMahon edits SmartBrief newsletters on global financial markets and consumer banking.

The Milken Institute is working to give policymakers, media, and the academic community a deeper base of knowledge when it comes to global banking issues. The Institute’s recent launch of GlobalBanking.org offers users a new and unique way of accessing information on banking systems worldwide and their regulatory environment. The site aggregates World Bank data from 180 countries in addition to its own independent research and analysis on an open platform that is accessible to anyone.[…] Continue Reading »

While its creation was lamented by some and championed by others, industry experts say the performance thus far of the Consumer Financial Protection Bureau has been a mixed-bag. The Financial Services Roundtable assembled thought leaders as part of its “How is the CFPB Doing? The Advocates’ Perspective” panel discussion in Washington, D.C. A few of the key highlights included:

  • Georgetown University Law Professor Adam Levitin was the most outspoken member of the panel, saying the CFPB may yet be finding its sea legs as experienced staff complete their “regulatory tourist stints” and depart the Bureau, leaving behind an undetermined culture.
  • […] Continue Reading »

Former Treasury Secretary Timothy Geithner’s book Stress Test: Reflections on Financial Crises hits bookstores on Monday. Ahead of the release, Geithner sat down for some yummy food and friendly conversation with Andrew Ross Sorkin of The New York Times. Here is a dissection of the puff piece that ensued.

  • “When the housing bubble burst in 2008, Geithner was the president of the Federal Reserve Bank of New York.
  • […] Continue Reading »

Among the numerous education thought leaders assembled this week at the Milken Institute Global Conference, one of the hottest debates centered on how to tackle the sky-rocketing costs of higher education. Perhaps former Secretary of Education William Bennett summed up the sentiment when he wise-cracked that the three things today’s Americans can’t escape are “Death, taxes and student loans.”

Three solutions generated the most buzz during the conference.[…] Continue Reading »

A collection of sage investment executives gathered at the Milken Institute Global Conference this week to discuss the state of financial markets. Here is some of the insight shared by panelists during the Reading the Tea Leaves: Where are Markets Headed? session.

Michael Cembalest, Chairman of Market and Investment Strategy, J.P. Morgan Asset Management

Cembalest says he is watching four issues closely: two market issues and two policy issues.[…] Continue Reading »