Search Results
Showing results 1 to 10 of approximately 54.
(refine search)
Journal Article
The long and winding road to regulatory reform
Speech
The U.S. economic situation and regulatory reform
Delivered at A Day with the Commissioner, Nashville, TN, 12 May 2010
Speech
Beyond the crisis: reflections on the challenges
Remarks at the Foreign Policy Association Corporate Dinner, New York City
Journal Article
Market declines: what is accomplished by banning short-selling?
In 2008, U.S. regulators banned the short-selling of financial stocks, fearing that the practice was helping to drive the steep drop in stock prices during the crisis. However, a new look at the effects of such restrictions challenges the notion that short sales exacerbate market downturns in this way. The 2008 ban on short sales failed to slow the decline in the price of financial stocks; in fact, prices fell markedly over the two weeks in which the ban was in effect and stabilized once it was lifted. Similarly, following the downgrade of the U.S. sovereign credit rating in 2011?another ...
Journal Article
Reforming the over-the-counter derivatives market: what’s to be gained?
While derivative financial instruments have made the hedging and exchange of risk more efficient, the recent crisis showed that they also pose a substantial threat to financial stability in times of systemic turmoil. Underlying much of this threat is the lack of transparent reporting in the over-the-counter market for these instruments. This Commentary discusses the advantages of one solution to the transparency proble: moving the settlement or trading of derivatives to exchanges or clearinghouses.
Speech
Lessons of the crisis: the implications for regulatory reform
Remarks at the Partnership for New York City Discussion, New York City.
Speech
Still more lessons from the crisis
Remarks at the Foreign Policy Association Corporate Dinner, New York City
Speech
Remarks at Panel Discussion on OTC Derivatives Reform and broader financial reforms agenda
Remarks at the 2013 OTC Derivatives Conference, Paris, France.
Speech
Asset bubbles and the implications for central bank policy
Remarks at The Economic Club of New York, New York City.