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Apr 29

Financial Risk, Regulation, and Resolution: What Should Congresss Do?

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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
Ely & Company

Douglas J. Elliott
The Brookings Institution