Thursday 09 July 2009 | House Financial Services Committee: Subcommittee on Domestic Monetary Policy and Technology Hearing | 15 comments
The current regulatory system, created largely as a response to the Great Depression of the 1930's, was proven ineffective and outdated at preventing and addressing the current financial crisis. President Obama has proposed to give the Federal Reserve board new powers, including the power to serve as the systemic risk regulator for large and interconnected financial firms, this hearing discusses that decision as well as the pros and cons of doing so.
A new law just signed by the president creates an independent commission to investigate the causes of the financial crisis and recommend appropriate action. The commission is charged with submitting a report by Dec. 15, 2010.
Monday 13 April 2009 | David Zaring, Wharton Business School | 30 comments
The consolidation of regulation and creation of a systemic regulator is something that Americans have talked about for years and Europeans have urged upon us for at least as long. But the idea that banks should be permanently de-levered is quite new. Both have counter intuitive implications.
Monday 06 April 2009 16:22 | Oliver I. Ireland, Partner & Amy M. Baumgardner, Counsel, Morrison & Foerster LLP | 151 comments
In order to restore confidence in our financial system, it will be necessary to reestablish faith in the participant institutions and in the system in which they operate – a system defined by financial regulators and their rules.
Thursday 19 March 2009 | FinReg21 Editor | 75 comments
David Evans speaks with Charles Goodhart of the London School of Economics on his views on regulatory reform and on his new book The Regulatory Response to the Financial Crisis (2009).
