Columbia's Calomiris Says Financial Regulation Is a Flop

The video discusses the challenges and inefficiencies in current financial regulation, highlighting the disconnect between academic insights and public understanding. It critiques the regulatory burden on banks, especially smaller ones, and questions the effectiveness of these regulations. The Trump administration's intent to reassess regulations is explored, along with the potential impact on international agreements like Basel. The discussion also covers how large banks benefit from current regulations, creating barriers for smaller competitors.

What concerns does the author express regarding the Trump administration's approach to financial regulation?

In what way does the author believe Basel agreements are perceived by bank executives?