Regulating Systemic Risk – Governor Daniel K. Tarullo At the 2011 Credit Markets Symposium, Charlotte, North Carolina, March 31, 2011
“Events of the last few years have given the phrases “systemic risk” and “financial stability” a prominent place in the lexicon of policymakers. Although protecting financial stability is germane to numerous areas, including monetary policy, today I will focus on some aspects of its relevance for financial regulation. More specifically, I will address the implementation of the new statutory regime for special supervision and regulation of financial institutions whose stress or failure could pose a risk to financial stability. Then I will identify two important issues raised by the implementation of this regime that need the attention of academics, analysts, and policymakers if we are to regulate systemic risk effectively and efficiently.”
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