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Tuesday, November 13, 2012

Keating Comments on Criteria for Next Treasury Secretary

The next Treasury secretary ideally will have commercial banking experience and can be “the economic spokesman for all Americans—red states and blue states alike,” ABA President and CEO Frank Keating said yesterday during an interview on Fox Business Network’s “Markets Now” television show.

Keating noted that many important issues will require attention or debate in the next six months, including the role of the Financial Stability Oversight Council (FSOC), changes to the Dodd-Frank Act and the Basel III capital proposals. “These are serious matters that the president needs to put in the lap of the Treasury secretary and say ‘fix it, grow the economy.’ That’s why whoever’s selected is hugely significant,” he told host Connell McShane.

Watch the interview.

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