Location: The Heritage Foundation's Lehrman Auditorium
In the wake of the financial crisis that rocked the U.S.
economy, the Obama Administration has proposed regulatory changes
intended to address the problem of firms that are considered "too
big to fail" and other forms of systemic risk. Among the proposed
changes are the expansion of the Federal government's "resolution
authority" to seize and liquidate or reorganize financial
institutions whose failure presents undue risks as well as the
establishment of a "systemic regulator" to regulate the activities
of firms considered too big to fail. But will such steps actually
improve the financial system? Or, could the additional powers to be
granted to Washington regulators actually make the situation
worse?
More About the Speakers
David Skeel
S. Samuel Arsht Professor of Corporate Law,
University of Pennsylvania Law School
Peter J. Wallison
Arthur F. Burns Fellow in Financial Policy Studies,
American Enterprise Institute
Bert Ely
President,
Ely & Company
Douglas J. Elliott
Fellow,
The Brookings Institution