JUSTIA 10 - Badge
Tampa Hispanic Bar Association - Badge
Hilsborough County Bar Association - Badge
St. Petersburg Bar Association - Badge
Avvo Rating 9.2 / Robert Kevin Savage / Top Attorney - Badge
Avvo Rating 8 / Alfred Villoch III / Top Attorney - Badge
PIABA - Badge
Florida Trend's / Florida Legal Elite 2021 - Badge

Fed Implores Congress to Preserve Key Financial Regulations

Savage Villoch Law, PLLC

In his remarks to Congress, out-going New York Federal Reserve President William Dudley implored lawmakers to preserve and maintain key financial regulation measures in face of growing support for review of standing requirements. Dudley recently announced his decision to retire from his position earlier (mid-2018) than his term allots. According to a Reuters article, part of Dudley’s responsibilities as New York Fed President extend to being a “point-person” for Wall Street. The New York branch serves as the Fed’s eyes and ears on Wall Street, providing on-the-ground reports of activity to the central bank.

“Do no harm”

The phrasing Dudley used in asking Congress to preserve key regulations underscores the imperatives of the measures he his trying to preserve. Many of the core financial regulations in place today are a direct result of the 2008 crisis – which was itself a direct result of lack of sufficient regulation and oversight. The effects of the financial crisis were far-reaching and deep. We all experienced the negative effects and there are still people trying to recover what they’ve lost. It’s been a slow climb back to stable levels, but our economy is rebounding and investor activity is healthy; in fact, Wall Street indices have reached record highs over the last year. A return to normalcy could not have been achieved without the financial regulations put in place following the crash. While it seems that a review and potential overhaul of current measures is likely, eliminating the regulations that have helped us recover would not only be unwise, but could actually cause real harm to our economy. Fed experts also warn that financial deregulation can be a slippery slope, leading to massive unwinding of protective measures.

Key Financial Regulations

While Dudley did agree that some current regulation warrants adjustment, the key regulations maintaining a healthy financial industry must remain untouched. Among the key financial regulations, he listed standards upholding stronger capital, liquidity, and clearing must be kept in place.

Client Reviews

I am deeply grateful for the superb representation I received from Robert (Bert) Savage, at Savage Villoch Law representing me in my complex investment loss claim. Bert and the legal team at Savage Villoch Law were consistent and persistent from the start, understanding and pursuing my case and...

L. Nathan

Alfred Villoch is a very versatile individual. He's helped me in several parts of the law and was able to leverage his experience multiple times whether with corporate law or insurance. He takes the extra steps needed to not only ensure an iron clad proposal is offered but sees the value as a...

Simon

Over the years I have come to rely on the expertise of Robert "Bert" Savage in the most important matters concerning my business and my non profit organization. His knowledge and guidance has allowed me to take a more successful path than I would've chosen without him. He takes a genuine interest in...

Bob

If ever I have a legal question impacting my affairs I know I can turn to Alfred as a dependable resource. Accessing his high levels of varied expertise ensures I make decisions that shall contribute to favorable outcomes. He's extremely responsive and thoughtful in his advice, and is always...

Joy

Bert Savage has been a great help to myself and my company. He has demonstrated that he is very knowledgeable and effective, and seems to achieve a lot with the hours he bills. We are quite satisfied with his services and intend to continue our relationship with him. Highly recommended for any of...

William

Contact Us

  1. 1 Free Case Study
  2. 2 Over 40 Years of Combined Experience
  3. 3 No Fees Unless You Win

Fill out the contact form or call us at 813-200-0013 to schedule your free consultation.

Leave Us a Message