The Best of Times, the Worst of Times: The Year in Banking Regulation

Also, FDIC inspector general questions agency turnaround plan

This is the season for reading “A Christmas Carol,” but a look back at banking policy over the past year brings to mind a different Charles Dickens tome: “A Tale of Two Cities.”

It was the worst of times for the leading prudential regulators, who accomplished little of what they set out to do. In the biggest loss of 2024, Michael Barr was forced to back …