When financial institutions become “too big to fail,” insolvent or illiquid organizations are allowed to continue operations at the expense of individuals. Much law, policy, scholarship, and regulation has addressed this issue, but what if the institutional problems are a function of organization and management, not capital and illiquidity? What is the role of financial regulators in overseeing the management and operations of the organizations they regulate? How can our financial system remain resilient while allowing private financial institutions latitude to make managerial and organizational decisions that carry risk, reward, and are necessary to sustain the flow of financial opportunity our society requires?
On Tuesday, January 17, the Center on Regulation and Markets hosted an event to explore these issues featuring remarks from Acting Comptroller of the Currency Michael Hsu on regulating management of large financial institutions. Following the keynote, a panel of experts featuring Douglas Elliott, partner at Oliver Wyman; Susan Ochs, chief executive officer of Ochs Advisors LLC; and Ron Feldman, first vice president and chief operating officer of the Federal Reserve Bank of Minneapolis engaged more deeply in these topics.
Viewers can follow along with the conversation on Twitter using the hashtag #TooBigToManage.
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