This week we're seeing #crypto fully entering the conversation around the election. In a recent Substack, Dennis Kelleher explained how the industry is spending hundreds of millions of dollars to lobby Congress and defeat its opponents at the ballot box. https://lnkd.in/er3ChUsu
Better Markets
Non-profit Organizations
Washington, District of Columbia 1,958 followers
An Independent, nonpartisan, nonprofit promoting the economic security, opportunity & prosperity of the American people.
About us
Better Markets is a non-profit, non-partisan, and independent organization working to build a more secure financial system for all Americans. Better Markets works to rebuild those protections by restoring laws, rules and regulations that shield families on Main Street from the high-risk, dangerous activities on Wall Street. Our team of professionals - including President and Chief Executive Officer Dennis Kelleher and markets, regulatory and legislative specialists, along with lawyers and communicators – is the counterweight to Wall Street’s special interests in Washington DC. When Wall Street is pushing those special interests, they run right into Better Markets, which is right there pushing back with the public interest. We’re the American people’s voice in the courts, the Congress and the regulatory agencies, fighting against Wall Street recklessness while fighting for reform. Our agenda-setting analysis provides a critical balance in the rulemaking and policymaking debates, and our expert research has made Better Markets the go-to source for trusted and substantive information about our financial markets, economic policy and key policy proposals. Over the last five years, Better Markets has had a significant impact on financial reform – from re-shaping the political discourse to strengthening many parts of the Dodd-Frank rule making process. We’ve become a potent counterweight to the industry as the rules of financial reform are being drafted and challenged, filing nearly 200 comment letters so that agencies finalize the strongest possible safeguards to protect the American people from another financial crash.
- Website
-
http://www.bettermarkets.org
External link for Better Markets
- Industry
- Non-profit Organizations
- Company size
- 11-50 employees
- Headquarters
- Washington, District of Columbia
- Type
- Nonprofit
- Founded
- 2010
- Specialties
- Financial Regulation, Financial Reform, Dodd-Frank, SEC, CFTC, CFPB, Rulemaking, Policy, Wall Street, Main Street, Economy, and Finance
Locations
-
Primary
1825 K Street NW
Washington, District of Columbia 20006, US
Employees at Better Markets
Updates
-
In the Bloomberg documentary RUIN, Dennis Kelleher detailed Sam Bankman-Fried's attempts to get the #crypto industry's policy wish list by buying off Washington. While #SBF was sent to prison, the crypto industry continues to spend millions and millions in lobbying expenditures and campaign contributions to rewrite the rules in its favor. https://lnkd.in/d_c24QJX
-
In our latest substack, Shayna Olesiuk, CFA and Dennis Kelleher explain how a lack of capital and "stressless" stress tests are setting the stage for a potential financial crisis that could devastate Main Street and the livelihoods of millions of working Americans. Read and subscribe here: https://lnkd.in/egRZQZ7V
-
-
Last month, the Federal Reserve Board reported that its annual stress test showed that the country’s largest banks could all endure a severe recession. This sounds like positive news that should be celebrated, right? Wrong. Our CEO Dennis Kelleher and Director of Banking Policy Shayna Olesiuk, CFA write that these results spread false comfort from what has become a flawed and weakened stress testing exercise, which results in banks having too little capital. https://lnkd.in/eNw2nvaF
-
-
Our economy, financial system, banks, and citizens are increasingly threatened by all kinds of risks, including those that stem from severe weather and other climate-related events. That’s why we supported the #BaselCommittee’s development of international standards that provide foundational principles for supervision and management of #climate-related financial risks. In our new comment letter, we applaud the Committee’s continued efforts in pursuit of climate scenario analyses to evaluate these risks that are plausible, contain minimum levels of severity, and are supported by internationally agreed-upon scientific projections. The Basel Committee should take the next step to add even more specificity and metrics that would promote consistency and reasonableness to scenario analysis results. https://lnkd.in/eGzn4dgi
-
-
We've all seen the dangerous rulings in the courts in recent weeks. What you may not know is that the process of "forum shopping" is helping to make our courts more extreme. Our Director of Securities Policy Benjamin Schiffrin explains how forum shopping is creating biased courts that are undermining the rule of law and our democracy. https://lnkd.in/e5TA6H7W
-
We're #hiring a new Marketing Communications Intern in District of Columbia. Apply today or share this post with your network.
-
#WallStreet's megabanks are working to delay and kill modest increases to capital requirements to make another financial crisis less likely. The 2008 financial crisis cost hardworking American families, workers and communities more than $20 trillion in lost gross domestic product. We simply can't let that happen again. That's why we need to call out the megabanks misleading claims. Shayna Olesiuk, CFA does just that in our recent fact sheet: https://lnkd.in/etjkKnAG
-
In Michelle Price and Peter Schroeder's Reuters story on Christy Goldsmith Romero's confirmation hearing, Dennis Kelleher details her outstanding qualifications to lead the Federal Deposit Insurance Corporation (FDIC). https://lnkd.in/eQQfGZ_K
-
-
Bloomberg's Will K. and Lydia Beyoud provide a preview of today's United States Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing for #ChristyGoldsmithRomero to be Federal Deposit Insurance Corporation (FDIC) Chair. In the story, Dennis Kelleher emphasizes her leadership skills - "One thing you can take to the bank is Christy Goldsmith Romero will hold people accountable. People who engage in misconduct will be swiftly and severely punished.” https://lnkd.in/dSpUM6M4