CFA Institute Co-Sponsors Systemic Risk Council Led by Former Bank Regulator Sheila Bair
Four years after the near-collapse of the U.S. financial system, systemic risk is again on everyone’s mind, in large part due to the ongoing and deepening sovereign debt crisis unfolding in Europe. Unfortunately for investors, taxpayers, and consumers around the world, the regulatory mechanisms created to deal with these issues, including the new Financial Stability Oversight Council (FSOC), remain mired in political and operational oblivion.
It is into this void that CFA Institute and the Pew Charitable Trusts have joined forces with former Federal Deposit Insurance Corp. Chair Sheila Bair to launch the Systemic Risk Council (SRC). The SRC brings together experts in investments, financial markets regulation, policy making, and academia to offer seasoned opinions on the structuring of proper systemic risk oversight, comment on relevant FSOC and regulatory proposals, and consider which issues threaten economic recovery and ongoing strength of the U.S. markets. Paul Volcker, former Federal Reserve chair, will serve as senior adviser to the Council. Read more.EmailSharePrint