Akshat Tewary

Akshat Tewary is an attorney practicing in New Jersey, a Financial Industry Regulatory Authority arbitrator and President of Occupy the SEC, a nonprofit advocating for financial reform. Regulation and compliance Debunking the myths about the Basel III endgame regulation Opponents of the proposed capital rule offer many arguments as to why it will be a disaster. The trouble is, they’re all wrong. By Akshat Tewary 10h ago Regulatory reform The Choice Act is not a community banking bill The legislation passed by the House to roll back Obama-era regulations is being touted as vital for small banks, but the bill’s main beneficiaries are elite megabanks. By Akshat Tewary June 15 Law and regulation OCC Deserves More Scrutiny in Wake of Wells Fraud Without investigations by the Los Angeles Times and city prosecutors, the Wells Fargo account scandal would never have come to light. Where were federal regulators? By Akshat Tewary October 13 Load More

Biography:  https://www.americanbanker.com/author/akshat-tewary-ab3991

72%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • The author is biased towards megabanks as he advocates for their interests in rolling back regulations that protect consumers and small businesses.
  • The author uses deceptive language to promote his own agenda and misrepresent the facts. He does not provide any sources for his claims and relies on unnamed quotes.

Conflicts of Interest

50%

Examples:

  • The author has a clear conflict of interest as he is an attorney practicing in New Jersey and the President of Occupy the SEC, a nonprofit advocating for financial reform.
  • The author may have ulterior motives in promoting his own views on regulatory reform and undermining Basel III.

Contradictions

100%

Examples:

  • The article contradicts itself by claiming that Basel III would not have saved SVB while also arguing against the status quo of internal models.
  • The author claims that debunking myths is his goal but in fact he perpetuates them with false or misleading arguments.

Deceptions

80%

Examples:

  • The article is deceptive as it uses vague terms like 'debunking' without providing any evidence or sources for his claims.
  • The author misrepresents data and studies to support his arguments and does not cite them properly.

Recent Articles

Fed Proposes Increased Capital Requirements for Banks, Faces Opposition from Various Groups and Individuals

Fed Proposes Increased Capital Requirements for Banks, Faces Opposition from Various Groups and Individuals

Broke On: Friday, 19 January 2024 The Federal Reserve is proposing to increase capital requirements for banks, including both large and small financial institutions. This plan aims to raise the amount of cash-like assets that banks have to hold in order to tide them over during an emergency, potentially preventing a taxpayer-funded bailout like the one seen in 2008. However, this proposal is facing opposition from various groups and individuals who argue it will harm economic growth by making banks less competitive and restricting lending. The Fed has yet to finalize its proposal but may make significant changes based on feedback received during the public comment period.