Tagged: systemic risk

More power to Treasury secretary?

Senate Banking Committee Chairman Chris Dodd will propose a council of regulators — headed by the Treasury secretary — be created to monitor systemic risk across the financial spectrum.  Former Federal Reserve Bank examiner Mark Williams, who teaches finance in the School of Management is is author of “Uncontrolled Risk” about the fall of Lehman […]

Risk, not size, is bank industry’s woe

The problem isn’t that banks are too big; they’re just taking excessive risk.  Ex-Federal Reserve Bank examiner Mark T. Williams, who teaches finance in the School of  Management and is author of “Uncontrolled Risk” about the fall of Lehman Brothers, says in a Reuters commentary that any meaningful financial reform must address lending standards while tightening oversight and […]

G-20 and international regulatory reform

Law Professor Cornelius Hurley, director of the Morin Center for Banking and Financial Law and former counsel to the Fed Board of Governors, says the G-20 communique outlining new international financial regulatory reforms marks a new era. “The specificity of the G-20 pact signals a new era of cross-border cooperation on an array of regulatory […]