The Center on Finance, Law, and Policy is pleased to announce the release of its summary paper from its fourth annual financial stability conference, co-hosted with the U.S. Office of Financial Research (OFR). This two-day interdisciplinary conference was held in the Cash Room of the U.S. Treasury Department on November 15-16, 2018 to address timely issues in financial markets. The 2018 conference focused on an activities-based approach to financial stability risk monitoring and supervision. FDIC Chairman Jelena McWilliams served as keynote speaker.
The conference brought together regulators, policymakers, lawyers, economists, financial market participants, investors, financial technology companies, and experts on data science, cybersecurity, and finance to address the following questions:
● How should regulators pursue an activities-based approach to promoting financial stability?
● How can the U.S. regulatory structure adapt to this approach, particularly given the potential risks presented by financial technology and emerging financial products?
● What kind of data do regulators need to be able to access for an activities-based approach to be effective and efficient?
● In addressing these challenges, what can we learn from other countries, industries, and academic disciplines?