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
What’s happening to liquidity in the bond market?
Shadow Banking
Panel Discussion
Agenda
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November 17
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Welcome
1:30 pm
Ben S. Bernanke Distinguished Senior Fellow - The Brookings Institution, Economic Studies @BenBernanke -
Are new collateral rules making the financial system less safe?
1:30 pm - 2:20 pm
Gary B. Gorton Frederick Frank Class of 1954 Professor of Management & Professor of Finance - Yale School of ManagementBetsy Graseck Managing Director, Research Division - Morgan Stanley -
What’s happening to liquidity in the bond market?
2:20 pm - 3:15 pm
Darrell Duffie Dean Witter Distinguished Professor of Finance - Stanford Graduate School of Business @DuffieDarrellVictoria Ivashina Professor of Business Administration - Harvard Business SchoolNellie Liang Under Secretary for Domestic Finance - United States Department of the Treasury, Former Senior Fellow - Economic Studies -
Break
3:15 pm - 3:30 pm
Darrell Duffie Dean Witter Distinguished Professor of Finance - Stanford Graduate School of Business @DuffieDarrellVictoria Ivashina Professor of Business Administration - Harvard Business SchoolNellie Liang Under Secretary for Domestic Finance - United States Department of the Treasury, Former Senior Fellow - Economic Studies -
Shadow Banking
3:30 pm - 4:10 pm
“Thinking Critically about Non-Bank Financial Intermediation”
Daniel K. Tarullo Nonresident Senior Fellow - Economic Studies, The Hutchins Center on Fiscal and Monetary Policy -
Session 4: Panel Discussion
4:10 pm - 5:00 pm
David Wessel Director - The Hutchins Center on Fiscal and Monetary Policy, Senior Fellow - Economic Studies @davidmwesselBen S. Bernanke Distinguished Senior Fellow - The Brookings Institution, Economic Studies @BenBernankeDarrell Duffie Dean Witter Distinguished Professor of Finance - Stanford Graduate School of Business @DuffieDarrellGary B. Gorton Frederick Frank Class of 1954 Professor of Management & Professor of Finance - Yale School of ManagementAnil Kashyap Stevens Distinguished Service Professor of Economics and Finance - Booth School of Business, University of Chicago
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