Deep Dive Episode 13 – Discussion on U.S. Treasury Reports

On Friday, October 6, Treasury issued the second of its reports to the President on Core Principles for Financial Supervision. When it comes to financial regulation, the Treasury Department has little formal authority. Yet, when Treasury wants to, it can set the tone and drive the priorities. Did the Treasury do that with its most recent report and its June report? What difference might this all make with regard to financial reform? And what might we expect from the Federal Reserve, the FDIC, the OCC, and other financial regulators in response to these reports?

Wayne A. Abernathy

Former Assistant Secretary for Financial Institutions

U.S. Department of the Treasury


J. W. Verret

Associate Professor of Law

Antonin Scalia Law School


Financial Services & Corporate Governance

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