Panelists discuss the state of the financial industry, recent government intervention to assist investment banks and mortgage lenders.
They also discuss current proposals to restructure regulation of the mortgage loan system.
Other topics included insuring consumer investments in financial markets and the housing industry, mortgage underwriting procedures, and bond financing.
Bio
Gregory Baer
Gregory Baer is Deputy General Counsel for the Bank Regulatory and Public Policy Group.
Baer served as assistant secretary for financial institutions at the US Department of the Treasury. He coordinated Treasury policy on the Gramm-Leach-Bliley Act, and led the development of presidential initiatives on financial privacy and consumer protection. Baer previously served as managing senior counsel at the Federal Reserve Board.
Bert Ely
Bert Ely is head of Ely and Company, a financial institutions consulting firm in Alexandria, Virginia.
He was one of the first people to publicly predict FSLIC's bankruptcy.
Representative E. Scott Garrett
E. Scott Garrett is a member of the United States House of Representatives. He is a Republican and has represented New Jersey's Fifth Congressional District seat since January 2003. The district includes much of the northwestern portion of the state. Garrett serves as a member of both the House Budget Committee and the House Financial Services Committee.
Alex Pollock
Alex J. Pollock has been a resident fellow at AEI since 2004, focusing on financial policy issues, including government-sponsored enterprises, retirement finance, housing finance, corporate governance, accounting standards, and the issues raised by the Sarbanes-Oxley Act.
Previously he spent thirty-five years in banking, including twelve years as president and chief executive officer of the Federal Home Loan Bank of Chicago, while also writing numerous articles on financial systems and management. He is a director of Allied Capital Corporation, the Chicago Mercantile Exchange, the Great Lakes Higher Education Corporation, the International Union for Housing Finance, and chairman of the board of the Great Books Foundation.
Tim Skeet
Tim Skeet After graduating as a student of Modern Languages from Cambridge University, Tim Skeet joined the financial services sector in 1981 starting work at merchant bank, Samuel Montagu.
He moved into the debt capital markets team at Montagus in 1985, and then went to work for Morgan Stanley in 1987, where he covered UK issuers and was involved with the early securitisation transactions for mortgage lenders and bank capital issues. His career led him on to work on setting up Financial Institution and Sovereign/Agency coverage at Kidder Peabody in Europe before being recruited by Lehman in the mid-90s, where Skeet worked on a wide variety of financial institution transactions.
After heading up FI groups at European firms, Skeet moved to ABN Amro in 2003 to help build up their FI franchise and work on the house’s financial institution and covered bond platforms. In 2006 Skeet came to Merrill Lynch as a Managing Director to lead the bank's covered bond activities with in the debt capital markets financial institution team.
Skeet was one of the early members of the European Covered Bond Council (ECBC) Steering Committee. He has been a long standing member of the FSA/ HMT Standing group working for a UK covered bond law, and is a member of the ASF covered bond working group in the US, and recently became the UK regional Chairman of the ICMA (International Capital Markets Association).
David Wall
David Wall leads the Receivership Policy Unit, Senior Counsel for the FDIC.
Peter Wallison
Peter Wallison is the codirector of AEI's program on financial markets deregulation, Wallison studies banking, insurance, and Wall Street regulation.
As general counsel of the U.S. Treasury department, he had a significant role in the development of the Reagan administration's proposals for the deregulation of the financial services industry.
He was also general counsel of the Depository Institutions Deregulation Committee and later served as White House counsel to President Ronald Reagan. His latest book is Competitive Equity: A Better Way to Organize Mutual Funds.
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