Matthew Bishop, U.S. Business Editor and New York Bureau Chief, The Economist
"There's an attempt to enact legislation without knowing perhaps fully what actually caused the crisis," says Jim Barth of the Milken Institute, noting that at least two commissions are still conducting investigations. From left are William Haraf of the California Department of Financial Institutions, James McCaughan of Principal Global Investors and Carmencita Whonder of Brownstein Hyatt Farber Schreck.
The financial crisis has provoked a chorus of calls for increased regulation — and in the past, many laws and regulations were, in fact, created as responses to crises. Should new regulations and regulators be introduced in haste, or should we focus on enforcing existing rules? Should the shadow banking system be regulated, as commercial banks are? Is it to blame for what happened in the U.S. credit and mortgage markets, and does it represent a systemic risk in the future? Should the Fed try to identify and repress asset bubbles in the making? What sort of regulation are we likely to get, given the current political realities? How could governments all over the world better coordinate their rescue efforts when a crisis hits? This panel provides insights on how to reduce systemic risks and promote financial stability.
Global Conference 2013
Former Prime Minister Tony Blair, philanthropist Bill Gates and Strive Masiyiwa of Econet Wireless discuss advancing prosperity in Africa.
