Rodge Cohen Interviewed on CNBC’s Squawk BoxSeptember 11, 2013
On September 11, Mr. Cohen was interviewed by Andrew Ross Sorkin on CNBC’s Squawk Box regarding how Mr. Cohen would grade the government on its effort in preventing another financial crisis. Mr. Cohen discussed the status of regulatory initiatives and where banks stand today in comparison to five years ago. “I am somewhat satisfied but not fully satisfied, we still have quite a way to go in implementing the regulations that Dodd-Frank has required,” he noted. Mr. Cohen is optimistic that most of these regulations will be implemented by the end of this year, but it is not possible to grade the government and its effort until the regulations are in final form. Mr. Cohen agreed that there would be no political incentive to rescue financial institutions if a bailout were needed again. He stressed the necessity to ensure that Title II of Dodd-Frank works with an orderly liquidation authority in order to avoid future government bailouts.