A Former Trump Economic Aide on the Busy Year in Financial Regulation

The following is an excerpt of a Capitol Account Q&A with Mayer Brown D.C. Managing Partner Andrew Olmem. Access the full Q&A online (subscription required). 

Friday Q and A: Looking to take stock of what has been a whirlwind year in financial regulation, we sat down this week with an attorney who has seen policy making from all sides. Andrew Olmem now represents leading banks, insurers, payments companies and trade associations as the D.C. managing partner at Mayer Brown. But his path to private practice wound through the Senate Banking Committee, the Fed and the White House, where he was deputy director of the NEC during Donald Trump's first term.

Olmem spends a lot of time advising clients on new rule proposals and legislative efforts – so he’s been busy. Just last week, he testified before the House Financial Services Committee on bank capital, where he made a case that the regulatory debate needs to move beyond the 2008 crisis. Read on to learn more about that argument, as well as get his thoughts on the state of play at the banking agencies and on Capitol Hill.