Steps toward a new financial regulatory architecture, speech presented on Ohio Bankers' Day, Columbus, Ohio April 1, 2009

Sandra Pianalto

No 22, Speech from Federal Reserve Bank of Cleveland

Abstract: President Pianalto discusses the economic outlook and the Federal Reserve?s recent actions, commenting on changes to the financial regulatory system. She makes the case for a new framework for categorizing financial institutions based on the degree of risk they pose to the financial system, adding her endorsement to what some have called macroprudential supervision.

Keywords: Financial risk management; Systemic risk; Economic conditions (search for similar items in EconPapers)
Date: 2009
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