Ken Wexler Speaks to State Treasurers
On September 11, 2012, Ken Wexler participated as a panelist at the 2012 Annual Conference of the National Association of State Treasurers (“NAST”). The topic was the Dodd-Frank Act and the impact of its financial reforms in the two years after its passage into law. On a panel moderated by Delaware State Treasurer Chip Flowers, Jr., Ken addressed the Volker Rule and how its exceptions may swallow the rule altogether. Ken also discussed his views of the new consumer protection agency and how the study and consequent delay built into Dodd-Frank generally will frustrate the stated purposes of the statute. Other panelists included Lynette Kelly, Executive Director of the MSRB; Rick Riccobono from the Washington State Department of Financial Institutions; and Chris Karlin, Division Manager, Government Banking Division, U.S. Bank.