Rodgin Cohen Interviewed in The Clearing House’s Banking PerspectivesDecember 19, 2016
In its Q4 2016 edition, The Clearing House's Banking Perspectives published an interview with Rodgin Cohen titled “Rodge Cohen: The Banking Industry's Counsel for Over 40 Years.” Rodgin, who has served as counsel and adviser to TCH for nearly all of his 46-year career at S&C, discussed the themes he has witnessed in the banking industry over the decades in which he has advised major banks. “There have been two principal themes. The first is that the banking industry and the country's economy seem to perform better when there is more cooperation and collaboration both within the banking industry and between the banking industry and the government. And when that cooperation and collaboration is reduced, the industry's ability to serve its customers and its performance are reduced,” Rodgin said. “The second key theme is the inherent tension between regulation and flexibility to serve customers and the economy. This is a dynamic tension that calls for frequent recalibration, because, depending on the attitudes of the banks, the attitudes of the regulators, the economy, and a number of other factors, the regulation can be either too loose or too tight. And getting that balance right is a never-ending effort, but it takes cooperation, not confrontation.” Rodgin also spoke about his views on cooperation between banks and regulators in the wake of the 2008 financial crisis, the imperative that the federal government address cybersecurity threats and the future of the banking industry.