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June 30, 2021   Enterprise, FinTech and Alternative Finance, Fintech and Networking Events, Fintech International, Fintech Interviews and Podcasts, Fintech Opinions, Innovation and Resources, Research   No comments

Task Force on Financial Stability: Report release

Brookings Institution and the Initiative on Global Markets at the Chicago Booth School of Business | Jun 29, 2021

Taskforce on financial stability report - Task Force on Financial Stability: Report release

For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways to assure that the financial system can support economic growth even after the economy and financial system have been hit with a bad shock.

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The report focuses on vulnerabilities outside the regulated banking system—the U.S. Treasury market, clearinghouses, open-end mutual funds, and other markets and non-bank financial institutions—because the capital footings and regulation of banks were substantially strengthened after the global financial crisis. It also recommends ways to strengthen the regulatory structure and process. 


At this report release event on June 29, the task force co-chairs, Glenn Hubbard and Don Kohn, summarized the task force’s findings and recommendations. Following their presentation, a panel that includes task force members and academic experts on finance discussed the recommendations and underlying financial stability issues.

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