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Dennis Kelleher

Testimonials

“Dennis Kelleher and his team at Better Markets have consistently pushed for financial reform that will help protect the U.S. economy from another financial crash. They are strong partners in the fight to level the playing field for middle class families, and have been persistent fighters for the American people, their jobs, savings and retirements.”
Senator Elizabeth Warren (D-Mass.)
“Thank you, Better Markets.”
former President of the United States Barack Obama
“Dennis Kelleher is one of the most effective group CEOs in Washington DC and Better Markets’ record of achievement proves that.”
Camden Fine, President and CEO of Independent Community Bankers of America
“It's more important than ever that consumers and taxpayers have strong advocates like Dennis and Better Markets to stand up for ordinary Americans.”
Senator Sherrod Brown, Ranking Member, Senate Banking Committee
“Dennis Kelleher [is] one of the most powerful lobbyists on financial regulatory reform.”
Annie Lowrey, former New York Times columnist in “Facing Down the Bankers”

Dennis Kelleher

President & Chief Executive Officer

Mr. Kelleher is the President and Chief Executive Officer of Better Markets. With Mike Masters, Mr. Kelleher co-founded Better Markets after many years of experience in the public, private, political, charitable and non-profit sectors.

At Better Markets, Mr. Kelleher’s leadership requires operating in the legislative, executive and judicial branches simultaneously while developing and driving communications strategies to support those policy efforts, as detailed in Better Markets’ Annual Report.  He has been quoted more than 3,000 times, done more than 140 live TV appearances, participated in more than 225 rulemakings and 25 legal cases, and testified more than ten times.

Less than two years after Better Markets was founded, the New York Times profiled Mr. Kelleher in “Facing Down the Bankers," referring to him as “one of the most powerful lobbyists on financial reform.”  He was also featured in Frontline’s award-winning inside story of the global financial crisis, “Money, Power and Wall Street” and “Braking the Banks” on PBS, as well as in other profiles and documentaries.

Prior to Better Markets, Mr. Kelleher worked for almost eight years in senior staff positions in the United States Senate, including as General Counsel and Deputy Staff Director on the Labor and Human Resources Committee (now known as the HELP Committee) and as Legislative Director and Leadership Advisor to a senior Senator who was also Secretary to the Democratic Caucus. He concluded his service in the Senate as Chief Counsel and Senior Leadership Advisor to the Chairman of the Senate Democratic Policy Committee, a member of Senate leadership.  Earlier in his career, Mr. Kelleher was a partner with the international law firm Skadden, Arps, Slate, Meagher & Flom, where he had an extensive and broad-ranging U.S. and European practice specializing in crisis management and complex corporate matters that focused on governance, securities and financial markets. 

Mr. Kelleher is an internationally sought expert on financial reform, financial markets, economics, regulation, legal issues, and their intersection with political matters. In addition to testifying in the U.S. Senate and House of Representatives, he also speaks frequently in the US and Europe on these matters at conferences, seminars and symposiums as well as on all media platforms. From 20-second soundbites to hour-long discussions, he appears on the network news shows and is a regular guest on Bloomberg TV, CNBC, NPR, MSNBC, PBS, BBC, C-SPAN and Fox Business News. In addition, he is often quoted in the New York Times, The Financial Times, The Los Angeles Times, The Wall Street Journal, The Washington Post, Politico, The Hill, Die Zeit, Le Monde, The Guardian, and many other domestic and international print and online publications.

Mr. Kelleher served four years of active duty enlisted service in the Air Force as a crash/rescue firefighter/medic, which preceded his graduation with highest honors from Brandeis University and with honors from Harvard Law School.

Highlighted Recent Activity

  1. OP-ED: "Dem House can put Main Street's needs over Wall Street's wants" (The Hill)
  2. SPEECH: "The State of Financial Reform: A View from the United States", Financial Risk and Stability Conference (Berlin, Germany)
  3. COMMENT LETTER: Volcker Rule Proposed Changes (All Five Financial Regulatory Agencies)

Selected Recent Media

  1. "Banks urge U.S. regulators to reconsider 'Volcker Rule' tweaks" by Pete Schroeder (Reuters)
  2. "US regulators lift strict oversight of Prudential" by Marcy Gordon (AP)
  3. "Bernie Sanders's Bank-Busting Plan Sets Markets for 2020" by Tory Newmyer (The Washington Post)
  4. "What we learned from the financial crisis — and what we've already forgotten" by Michael Hiltzik (The Los Angeles Times)
  5. "Small Investors Are Prey, Again, for the Wolves of Wall Street" by Susan Antilla (The New York Times)
  6. "A darker reality for Dodd-Frank’s burst of sunlight on derivatives" by Joe Rennison (Financial Times)
  7. "Consumer advocacy groups are extremely worried about Brett Kavanaugh" by Emily Stewart (VOX)
  8. "Big Banks Are Once Again Taking Risks With Complex Financial Trades, Report Says" by Jim Zarroli (NPR)

Selected Profiles

  1. The New York Times: “Facing Down the Bankers”​
  2. Washington Post: “Preventing the next financial blowout: A conversation with Dennis Kelleher
  3. CQ: “Kelleher: Dodd-Frank Defender
  4. Wealth Management: “The Watchdog
  5. Bill Moyers: “The Swamp Fighters: Dennis Kelleher on CFPB, Dodd-Frank and the Trump Era
  6. INET: "Wall Street is Better at Gambling than Finance"

Selected TV Appearances

  1. Politico Pro Panel: "10th Anniversary of the Financial Crisis"
  2. Bloomberg: "NY Fed President Selection"
  3. CSPAN: “Senate Vote to Repeal CFPB Mandatory Arbitration Rule
  4. MSNBC: “Trump and Wall Street
  5. Bloomberg: “Bank Supervisory Procedures
  6. CNBC: “Why the Public distrusts Wall Street
  7. MSNBC: “Discussing Wells Fargo
  8. CSPAN: “Financial Reform and the 2016 Campaign

Documentaries:

  1. PBS Need to Know: “Braking the Banks”​
  2. PBS Frontline: “Money, Power and Wall Street

Selected Op-Eds

  1. The Hill: "Dem House can put Main Street's needs over Wall Street's wants"
  2. American Banker: "Trump reopening Wall Street casino by weakening Volcker Rule"
  3. The Hill: "If You Care About Your Wallet, You Should Fear Judge Kavanaugh"
  4. American Banker: "'too big to fail' is alive and kicking"
  5. Los Angeles Times: “Why Every American Should Want a Strong CFPB”​
  6. Law360: “Dodd-Frank And Deregulation: Some Lessons From History
  7. Fox Business: “’Equifax Rule’” Needed For America – Now
  8. The Hill: “7 Years In, Dodd-Frank Still Protects Main Street From Wall Street Risks
  9. American Banker: “Here's How Wells Fargo Proves It's Not a Wall Street Villain
  10. HuffPost: “Silicon Valley Should Care About What Wall Street Is Doing in Washington

Selected Speeches and Presentations

  1. "The State of Financial Reform: A View from the United States", Financial Risk and Stability Conference (Berlin, Germany)
  2. Financial Reform Is Working, But Deregulation That Incentivizes One-Way Bets Is Sowing the Seeds of Another Catastrophic Financial Crash”, Institute for New Economic Thinking
  3. "Ten Years After the Financial Crisis: Closing Loopholes, Avoiding Blindspots and Finding Economic Justics", Georgetown Law School
  4. Deregulation Unleashes Wall Street to Prey on Investors, Consumers and All Hard-Working Americans”, Global Shareholder Activism Conference
  5. Moving America Forward: Education, Jobs, and the Economy”, Democratic National Convention Platform Drafting Committee
  6. Fifth Anniversary of Dodd-Frank Financial Regulatory Law”, Cost of the 2008 Financial Crisis

Selected Testimony

  1. Senate Banking, Housing and Urban Affairs Committee: “FSOC Accountability” Nonbank Designations
  2. Senate Agriculture Committee: “Reauthorization of the Commodity Futures Trading Commission
  3. House Committee on Education and the Workforce Subcommittee: “Restricting Access to Financial Advice: Evaluating the Costs and Consequences for Working Families
  4. House Financial Services Committee: “Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation

Selected Comment Letters

  1. Volcker Rule Proposed Changes (All Five Agencies)
  2. Board of Directors Supervisory Expectations (Federal Reserve)
  3. Stress Testing (Federal Reserve)
  4. Fiduciary Duty Rule (DOL)
  5. Amendment to Municipal Securities Disclosure (SEC)
  6. Regulation Automated Trading (CFTC)

Selected Briefs

  1. SEC v. JP Morgan Case
  2. MetLife v FSOC
  3. CFTC v. ISDA & SIFMA
  4. SEC v. Citigroup

Selected Reports

  1. Better Markets Annual Report
  2. Cost of the Crisis: $20 Trillion and Counting
  3. Judge Kavanaugh: Good for Corporations, Bad for Your Wallet
  4. New Poll Shows Significant Support for Financial Rules