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Past Event

Can the financial sector promote growth and stability?

Past Event

Can the financial sector promote growth and stability?

The financial sector has undergone major changes in response to the Great Recession and post-crisis regulatory reform, as a result of the Dodd-Frank Act and Basel III. These changes have created serious questions about the sector’s role in supporting economic growth and how it affects financial and overall economic stability.

On June 8, the Initiative on Business and Public Policy at Brookings explored the intersection of the financial system and economic growth with the goal of informing the public policy debate. The event featured a keynote address by Richard Berner, director of the Office of Financial Research and other participants with a wide range of views from a variety of backgrounds. Among other issues, the experts considered the changing landscape of the financial sector; growth-promoting allocation and investment decisions; credit availability for low- and moderate-income households; the ideal balance between growth and stability; and the impact of the 2014 midterm elections on regulatory reform.

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Keynote remarks

The financial sector: How has it changed?


Peter R. FIsher

Senior Lecturer and Senior Fellow, Center for Global Business and Government - Tuck School of Business at Dartmouth

The view from the trenches


Tom Deas

Vice President and Treasurer - FMC Corporation

The future of the U.S. financial sector


Gregory Baer

Managing Director, Head of Regulatory Policy - JPMorgan Chase & Co.

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