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27 minutes | May 13, 2021
Ep. 44: Regulators want to stress-test banks for climate risks. Can it work?
Regulators around the world are exploring how to assess banks' exposures to climate change risks. But they'll have to tackle legal, economic and modeling problems that don’t have obvious solutions.
27 minutes | Apr 29, 2021
Ep. 43: Hitting the brakes on subprime auto lending
Looming defaults and the potential for heavier regulatory scrutiny have prompted banks to pull back from the sector. Is that a good thing?
34 minutes | Apr 15, 2021
Ep. 42: The long and the short of market manipulation
Retail investors revolted against institutional investors by buying heavily shorted stocks in January, reanimating regulatory concerns about short selling and market manipulation. But is shorting a check on speculation, or a driver of it?
34 minutes | Apr 1, 2021
Ep. 41: Rightsizing the Fed’s emergency lending powers
The Federal Reserve has the authority to lend to nonbanks in an emergency, and it isn't afraid to use it. But is that authority too broad — or too narrow?
37 minutes | Dec 31, 2020
Access Denied episode 5: The financial media
Like in the industries its reporters cover, the lack of Black representation in business and financial media has created blind spots. Predominantly white newsrooms often miss stories about systemic racism or fail to reach an audience of more than one demographic. In the wake of this summer's Black Lives Matter protests, there are serious implications for financial services, the reporters covering them — and an emerging group of professionals creating their own media. What can journalists like us learn from these Black voices?
41 minutes | Dec 10, 2020
Access Denied episode 4: Allocation and exacerbation
Asset and capital allocations often exacerbate systemic racism across the financial services in some surprising ways. Innovators in the fields of asset management, banking, impact investing and pensions suggest there are also many ways to disrupt the cycle. Shifting the flow of capital could help reduce or eliminate institutional barriers and racial discrimination.
33 minutes | Dec 3, 2020
Ep. 40: What to expect when you’re expecting divided government
President-elect Joe Biden will likely have to contend with a Republican-controlled Senate. That could have important implications for his approach to financial services policy.
48 minutes | Nov 26, 2020
Access Denied episode 3: Representation
The lack of Black representation in the financial services stems from two interconnected problems. Black professionals face significant hurdles once they break into the industry. And the presence of nearly 175,000 Black financial professionals displays that their widespread absence at the upper executive ranks isn’t a product of there being an insufficient talent pool.
31 minutes | Nov 18, 2020
Ep. 39: Why is it so hard for a fintech to become a bank?
The success of some fintechs in getting bank charters this year only underscores how onerous the process remains for many others. That’s unlikely to change unless policymakers reconsider what it means to be a bank.
37 minutes | Nov 12, 2020
Access Denied episode 2: Underserved or ignored?
Racism at the branch and in the workplace makes it harder for Black Americans to gain access to financial services. In the second episode of the Access Denied podcast, innovators and researchers from the fields of human resources, banking and wealth management explain how industries leave people out — and what needs to be done to change it.
36 minutes | Nov 4, 2020
Ep. 38: A Fed digital currency looks inevitable. So do the problems.
A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.
33 minutes | Oct 29, 2020
Access Denied episode 1: The wealth effect
In this featured episode from the Arizent special series, net worth disparities and the roles housing and mortgage discrimination play in Black homeownership show how it's impossible to close the gaps without eliminating racism.
32 minutes | Oct 21, 2020
Ep. 37: The last thing investors need is a contested election
A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.
30 minutes | Oct 7, 2020
Ep. 36: The real cost of overdraft fees
The fees have helped banks recoup costs of free or low-cost checking accounts for decades, but they can penalize low-income customers and drive them away from banking. Is there a better way?
32 minutes | Sep 23, 2020
Ep. 35: Why won't Congress fix flood insurance?
For decades lawmakers have ignored broad structural flaws in the National Flood Insurance Program, which underpins millions of home mortgages. And the problem is only getting worse.
28 minutes | Sep 9, 2020
Ep. 34: Making sense of a bull market in a bear economy
The stock market has reached record highs despite rampant unemployment, recession and a global pandemic. What gives?
42 minutes | Aug 26, 2020
Ep. 33: Postal banking is a solution, but to which problem?
With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have widely varying implications for financial inclusion.
35 minutes | Aug 12, 2020
Ep. 32: Libor is out, but SOFR isn't quite in
As the discredited Libor interest rate benchmark enters its last months, some banks are turning away from the repo-based alternative that regulators prefer. What could go wrong?
34 minutes | Jul 29, 2020
Ep. 31: Can small-dollar loans be both profitable and fair?
Regulators are urging banks to offer small-dollar loans again and lifting existing restrictions on nonbank lenders. But the real challenge is making those loans favorable to consumers without losing money.
20 minutes | Jul 15, 2020
Ep. 30: What would a Democratic sweep mean for banking?
While most of the public attention has been on Joe Biden's lead in presidential polls, any true overhaul of the bank regulatory landscape hinges on whether Democrats can retake the Senate — and by what margin.
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