John Allison discusses the Fed and deregulatory relief for regional and community banks
January 24, 2019 | by Michele Hartle
John Allison, Executive-in-Residence of the BB&T Center for the Study of Capitalism, spoke on the possibility of regional and community banks seeing deregulatory relief on Bloomberg Daybreak: Americas.
Mr. Allison described how he suspects regulators will act whether Congress acts or not and touched on why tax changes are very good for the industry. He stated that regional banks will benefit equally or better than big banks and he expects that community banks will continue to see consolidation in order to prosper.
Mr. Allison has been an executive-in-residence with the BB&T Center for the Study of Capitalism at Wake Forest University since November 1, 2015. His main roles have been to mentor students, guest-lecture in classes, and give public lectures. As executive-in-residence, Mr. Allison has helped foster Wake Forest’s student-centered educational mission. His leadership has been invaluable in helping the BB&T Center implement its mission of critically evaluating the role of capitalism in a humane and just society. His extensive real-world experience in business and banking has enabled him to provide insight to students into the crucial role honorable business plays in fostering a prosperous society. Prior to his current position, Mr. Allison was the CEO of the Cato Institute following a career at BB&T that culminated in his outstanding performance as chairman and CEO.
More information regarding Mr. Allison and his media availability should be directed to the Marketing and Communications Team in the Wake Forest Business School.