“Forty years before Tom Hoenig reached the upper echelons of bank regulation, he was drafted to fight in the Vietnam war. A talented mathematician, he was put to work in an artillery unit doing the calculations that gun crews needed to hit their targets.”
“Today he has a different foe in his sights: the US’s biggest banks.”
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“He understands that it’s his duty to be a sentinel on the front lines of the banking system ringing the alarm bell when threats are unaddressed,” says Dennis Kelleher of Better Markets, an advocate of tougher regulation.”
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Read the full Financial Times article by Barney Jopson here.
