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Past Event

Are we safer? A look at the financial system, post-crisis

Past Event

Are new collateral rules making the financial system less safe?

Since the global financial crisis of 2008—which Ben Bernanke describes as worse than the one that led to the Great Depression—governments around the world have taken major steps to bolster the resiliency of the financial system and reduce the changes of another severe financial crisis. What have been the intended and unintended consequences of those policies?  What is left to be done?  Will another crisis be averted?

On November 17, The Hutchins Center on Fiscal and Monetary Policy at Brookings and Ben Bernanke, now a distinguished fellow in residence at Brookings, hosted a discussion focusing on lessons from history, the role of collateral in the financial system, liquidity in bond markets, and the shadow banking system.

Questions can be tweeted at #FinReg

Agenda

Welcome

Are new collateral rules making the financial system less safe?

Gary B. Gorton

Frederick Frank Class of 1954 Professor of Management & Professor of Finance - Yale School of Management

Betsy Graseck

Managing Director, Research Division - Morgan Stanley

What’s happening to liquidity in the bond market?

Darrell Duffie

Dean Witter Distinguished Professor of Finance and Shanahan Family Faculty Fellow - Stanford Graduate School of Business

Break

Darrell Duffie

Dean Witter Distinguished Professor of Finance and Shanahan Family Faculty Fellow - Stanford Graduate School of Business

Shadow Banking

“Thinking Critically about Non-Bank Financial Intermediation”

Daniel K. Tarullo

Professor - Georgetown University Law Center

Former Governor - Federal Reserve Board

Session 4: Panel Discussion

Darrell Duffie

Dean Witter Distinguished Professor of Finance and Shanahan Family Faculty Fellow - Stanford Graduate School of Business

Gary B. Gorton

Frederick Frank Class of 1954 Professor of Management & Professor of Finance - Yale School of Management

Anil Kashyap

Edward Eagle Brown Professor of Economics and Finance - Booth School of Business, University of Chicago

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