Federal banking regulators recently announced that they will no longer examine banks for reputation risk. But they also went a step further by removing any references in examiner guidance to reputation risk or even the word “reputation.” These efforts come across as ham-handed, Orwellian, and more than a little silly. What is Reputation Risk? Reputation…

U.S. banking regulators have proposed changes to the Enhanced Supplementary Leverage Ratio (eSLR), which is applied to the nation’s largest financial institutions. Supporters of the proposal argue that the eSLR should act as a backstop rather than a binding constraint. But a backstop that never acts as a binding constraint doesn’t make for much of…