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Aaron Klein, senior fellow at Brookings; Alison Touhey, VP and Senior Regulatory Advisor, American Bankers Association; Dennis Kelleher, president, Better Markets; and Shamir Karkal, co-founder & CEO, Sila discuss on brokered deposits and financial techno by Brookings Institution

Financial technology has altered how money moves. What risks are posed to banks and customers when these funds are brokered between banks? Are brokered deposits the risky form of “hot money” associated with troubled banks? Or, are they tools of cash management serving a new financial landscape? Do regulations need to change and, if so, how?

 

On Wednesday, December 11, the Center on Regulation and Markets at Brookings hosted FDIC Chairman Jelena McWilliams to share her insights and thoughts on the balance between modernizing regulation to adapt to technology while ensuring safety and soundness for depositors. Following McWilliams’ speech, a panel of experts offered their perspectives.

 

Join the conversation on Twitter using #FinTechRegs

 

Photo C redit: Paul Morigi

Jelena McWilliams, chairman of the Federal Deposit Insurance Corporation (FDIC), delivers the Keynote address at an event on financial technology, hosted by the Center on Regulation and Markets at Brookings. by Brookings Institution

Financial technology has altered how money moves. What risks are posed to banks and customers when these funds are brokered between banks? Are brokered deposits the risky form of “hot money” associated with troubled banks? Or, are they tools of cash management serving a new financial landscape? Do regulations need to change and, if so, how?

 

On Wednesday, December 11, the Center on Regulation and Markets at Brookings hosted FDIC Chairman Jelena McWilliams to share her insights and thoughts on the balance between modernizing regulation to adapt to technology while ensuring safety and soundness for depositors. Following McWilliams’ speech, a panel of experts offered their perspectives.

 

Join the conversation on Twitter using #FinTechRegs

 

Photo C redit: Paul Morigi

Aaron Klein, senior fellow at Brookings, holds a conversation on financial technology with Jelena McWilliams, FDIC chairman; at an event hosted by the Center on Regulation and Markets at Brookings. by Brookings Institution

Financial technology has altered how money moves. What risks are posed to banks and customers when these funds are brokered between banks? Are brokered deposits the risky form of “hot money” associated with troubled banks? Or, are they tools of cash management serving a new financial landscape? Do regulations need to change and, if so, how?

 

On Wednesday, December 11, the Center on Regulation and Markets at Brookings hosted FDIC Chairman Jelena McWilliams to share her insights and thoughts on the balance between modernizing regulation to adapt to technology while ensuring safety and soundness for depositors. Following McWilliams’ speech, a panel of experts offered their perspectives.

 

Join the conversation on Twitter using #FinTechRegs

 

Photo C redit: Paul Morigi

Aaron Klein, director, Center on Regulation and Markets at Brookings, gives the introductory remarks at a Brookings event on financial technology. by Brookings Institution

Financial technology has altered how money moves. What risks are posed to banks and customers when these funds are brokered between banks? Are brokered deposits the risky form of “hot money” associated with troubled banks? Or, are they tools of cash management serving a new financial landscape? Do regulations need to change and, if so, how?

 

On Wednesday, December 11, the Center on Regulation and Markets at Brookings hosted FDIC Chairman Jelena McWilliams to share her insights and thoughts on the balance between modernizing regulation to adapt to technology while ensuring safety and soundness for depositors. Following McWilliams’ speech, a panel of experts offered their perspectives.

 

Join the conversation on Twitter using #FinTechRegs

 

Photo C redit: Paul Morigi