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Chicago Fed risk conference: low rates and slow growth challenge financial industry
This Chicago Fed Letter summarizes the presentations and discussions of regulators, academics, risk-management professionals, and business leaders at the conference. These presentations and discussions focused on the close relationship between the quality of a firm?s risk-management capabilities and its performance?and even survival?in times of distress. About four years after the Great Recession, the financial services industry and its business models face a considerable number of risks, including persistently low interest rates, a slow economic recovery, and difficulty rebuilding core ...