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Past Event

Task Force on Financial Stability: Report release

Co-hosted by the Brookings Institution and the Initiative on Global Markets at the Chicago Booth School of Business

Past Event

For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways to assure that the financial system can support economic growth even after the economy and financial system have been hit with a bad shock. The report focuses on vulnerabilities outside the regulated banking system—the U.S. Treasury market, clearinghouses, open-end mutual funds, and other markets and non-bank financial institutions—because the capital footings and regulation of banks were substantially strengthened after the global financial crisis. It also recommends ways to strengthen the regulatory structure and process. 

At this report release event on June 29, the task force co-chairs, Glenn Hubbard and Don Kohn, summarized the task force’s findings and recommendations. Following their presentation, a panel that included task force members and academic experts on finance discussed the recommendations and underlying financial stability issues.

During the live event, the audience submitted questions at sli.do using the code #FinancialStability, or on Twitter using the hashtag #FinancialStability. 

Agenda

The task force report

Glenn Hubbard

Dean Emeritus; Russell L. Carson Professor of Finance and Economics - Columbia Business School

Discussion and reaction

Kathryn Judge, Anil Kashyap, and Blythe Masters are members of the task force. 

Anil Kashyap

Stevens Distinguished Service Professor of Economics and Finance - Booth School of Business, University of Chicago

Randall Kroszner

Deputy Dean for Executive Programs; Norman R. Bobins Professor of Economics - University of Chicago Booth School of Business

Jeremy Stein

Department Chair; Moise Y. Safra Professor of Economics - Harvard University

Concluding remarks

Glenn Hubbard

Dean Emeritus; Russell L. Carson Professor of Finance and Economics - Columbia Business School

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