On Monday, April 11th, the Center for Financial Policy at the Robert H. Smith School of Business hosted Frank Medina, Senior Counsel at the House Financial Services Committee. This talk was the first in a series of Congressional Briefings that will regularly host Capitol Hill staffers at the Smith School to speak about legislative issues related to financial policy. The Center for Financial Policy partnered with the University of Maryland’s School of Public Policy and International Economic Policy Professor Phillip Swagel in hosting this event.
Medina led a compelling and highly interactive discussion on reform issues pertaining to the Dodd-Frank Act. The conversation centered on the non-bank resolution authority and touched on issues such as moral hazard, “too big to fail”, transparency of resolution sequencing plans, and trade-offs between deposit insurance and not bailing out failing financial institutions.
“The Congressional Briefing Series exemplifies the Center’s combination of education and research strategies,” said Lemma Senbet, Director of the Center for Financial Policy in his opening remarks. “We are honored to have Capitol Hill staffers such as Frank Medina contribute to the education at the Smith School and, in turn, we look forward to having our faculty members share their research with Capitol Hill Staffers to help inform policy.”
The Center for Financial Policy was launched in November 2009 and develops thought leadership in financial policy that impacts corporate performance, capital allocation and the stability of the global financial system. Located in both College Park, MD and in Washington, D.C. at the Smith’s School’s campus in the Ronald Reagan Building and International Trade Center, the center is well-situated to take a leadership role with its globally recognized faculty and its extensive relationships with key policymakers, practitioners and academics.
By Eric Miller
Graduate Assistant, Center for Financial Policy