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Charles Calomiris on FinTech

Policy@McCombs

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The Division of Labor Between the O C C and the Fed

Each of them is a primary regulator of a different kind of bank. The fed looks holistically at all the things in the o c just the bank, and that's correct. So to me anyway, the threat is the o c c is become, relatively speaking, less and less important. It still maintains uniquely the role of retardering,. which in this vintex space is extremely important. But that's up for play with politics, i think.

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