Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.
Twitter handle: @jeffmason1
Various interviews conducted by regulators indicate that small institutions do not track regulatory costs because it is too time-consuming, costly, and too interwoven into their operations.
In assessing the adequacy of the banks’ liquidity positions, the regulators look at their internal evaluation and measurement of liquidity risk, their funding planning processes including contingent funding, and compare these with their independent evaluation of their liquidity profiles.
Until the MetLife court decision, which is subject to a potential appeal, FSOC has enjoyed a significant leeway in its SIFI designation process.
American Council of Life Insurers (ACLI) President and CEO Dirk Kempthorne also endorsed the decision, and expressed hope that the decision may lead to a revision of FSOC's designation process.
The FIRE platform is in its first year of operation, but its impact in reducing bank operating costs is already considered to be visible.