A new era of bank supervision
Remarks at the New York Bankers Association Financial Services Forum, New York City.
Financial stability and economic growth
Remarks at the 2011 Bretton Woods Committee International Council Meeting, Washington, D.C.>
Title II resolution, a useful tool but not a panacea
Remarks at 2013 Resolution Conference: Planning for the Orderly Resolution of a Global Systemically Important Bank, Washington, D.C.
Ending too big to fail
Remarks at the Global Economic Policy Forum, New York City.
Financial stability: the role of the Federal Reserve System
Remarks at the Future of Banking Regulation and Supervision in the EU Conference, Frankfurt, Germany.
Resolving the unresolvable: the alternative pathways to ending too big to fail
Remarks at the International Insolvency Institute 13th Annual Conference, Columbia University Law School, New York City.
Introductory remarks for the Panel on Regulating Financial Markets: lessons from crisis management
Introductory Remarks for the Panel Discussion Sponsored by the Heller-Hurwicz Economics Institute and the Economic Club of Minnesota at the University of Minnesota, Minneapolis.
Solving the too big to fail problem
Remarks at the Clearing House's Second Annual Business Meeting and Conference, New York City.
Fixing wholesale funding to build a more stable financial system
Remarks at the New York Bankers Association's 2013 Annual Meeting & Economic Forum, The Waldorf Astoria, New York City.
Dodd-Frank one year on: implications for shadow banking
One year after passage of the Dodd-Frank Act (DFA), regulators proposed several of the rules required for its implementation. In this paper, I discuss some aspects of proposed DFA rules in light of shadow banking. The topics are risk-retention rules for securitized products and the impact of capital reforms on asset-backed commercial paper (ABCP) conduits. While the reform of securitization is resulting primarily from DFA, changes in accounting standards, together with the Basel capital reforms, have had important impacts on the economics of ABCP conduits.