On October 28, 2026, Better Markets raised concerns about the Federal Reserve's upcoming capital rules, which are set to be finalized in December. These rules dictate how much capital banks must hold to cover losses without taxpayer funding and influence how banks allocate their resources. Better Markets argues that the rules could adversely affect lending to local economies, favoring high-risk capital market activities instead.
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To discuss these implications, Better Markets will host a virtual event on November 12 from 1:30 to 2:30 PM EST. The webinar will tackle how the rules might jeopardize financial stability and redirect funds away from households and small businesses toward hedge funds and private equity.
Featured speakers include:
**Thomas Hoenig** – Distinguished Senior Fellow at the Mercatus Center, who previously served as Vice Chairman of the Federal Deposit Insurance Corporation and was President of the Federal Reserve Bank of Kansas City. He has extensive experience in banking supervision and has been acknowledged for his insights during the financial crisis.
**Jeremy Kress** – Associate Professor of Business Law at the University of Michigan, whose research focuses on bank regulation and systemic risk. Kress has a background in drafting financial regulations and advising on mergers. He previously served as Counsel at the U.S. Department of Justice, specializing in bank merger policy.
**Phillip Basil** – Director of Economic Growth and Financial Stability at Better Markets, with over 20 years in financial policy and risk management, including roles at the Federal Reserve Board and JP Morgan Chase.
**Dennis M. Kelleher** – Co-founder and CEO of Better Markets, advocating for economic security and prosperity for Main Street Americans. Kelleher directs efforts aimed at ensuring a balanced financial system that benefits all citizens.
The dialogue will highlight critical issues regarding the Fed's rules and their potential consequences for everyday Americans and the broader economy.