Stability vs. Growth: Unintended Consequences of Post-Crisis Financial Regulations
The 2008 global financial crisis destroyed more than $10 trillion in global wealth. In response, global regulators put in place a number of reforms to enhance the stability of the global financial system. Undoubtedly the banking system is more resilient. But with added additional compliance comes increased costs and other unintended or undesirable consequences. This session will examine how regulations that enhance stability may involve a growth trade off, and how policymakers can create balanced solutions.
U.S. Legal and Enforcement Correspondent, Financial Times
Deputy CEO, Alternative Investment Management Association (AIMA)
General Counsel, U.S. Department of the Treasury
CEO, International Swaps and Derivatives Association, Inc.
Executive Director, Center for Financial Markets, Milken Institute; former Commissioner, U.S. Securities and Exchange Commission