Hal Scott's Capital Markets Group Renews Push for Enforcement Reform

Also, Fed splits over an obscure request for regulatory relief; inspector general raises concerns about FDIC staff exodus

Back in 2018, Hal Scott’s Committee on Capital Markets Regulation called on the Trump administration to overhaul how the government investigates and penalizes corporate wrongdoing. The plea got the attention of the Treasury Department, but the effort ultimately went nowhere. Now, the emeritus Harvard Law professor is reviving the request – and he’s opti…