The Future of Financial Reform: Will It Work? How Will We Know?

Hear updates from our New York conference regarding the implementation and evaluation of Financial Reform here!

Panel 1, Introductions:

Andy Rich,   Rob Johnson,   Congressman Brad Miller,   Senator Jeff Merkley

 

Panel 2, Combating Too Big to Fail:

Geoff Rubin,   Gerald Epstein,   Jennifer Taub,   Ty Gellasch

 

Panel 3, Fixing the Broken Financial Markets:

Michael Greenberger,   Wallace Turbeville,   Tim Duncan,   Josh Rosner,   Jerome Fons

 

 Download the full report (PDF)

Download a one-page summary (PDF)

On October 4th, the Roosevelt Institute hosted a conference on the future of financial reform and the implementation of the recent financial reform bill.

Implementation of this bill is intended to build a safer, more reliable financial system capable of propelling our economy forward. But will it succeed - and how will we know? The conference gathered experts to discuss a range of conceptual and quantitative metrics that track whether the central reforms of the recent legislation - "too big to fail", derivatives, ratings agencies, and securitization - are working.   Through our discussion, we outlined what success of the financial reform effort should look like. 

The presentations and accompanying report represent the work of those who have been, and continue to be, deeply involved with financial reform. 

 

The Future of Financial Reform: Will It Work?  How Will We Know?

8:30 - 9:00 AM | Continental Breakfast

9:00 - 9:45 AM | Introductory Remarks

Andrew Rich, President & CEO of the Roosevelt Institute

Rob Johnson, Senior Fellow & Director of Project on Global Finance, Roosevelt Institute

Congressman Brad Miller (D-NC)

Senator Jeff Merkley (D-OR)

9:45 - 11:00 AM | Combating Too Big to Fail: Moderated by Mike Konczal

Geoff Rubin, Second Pillar Consulting and the Cambridge Winter Center for Financial Institutions Policy: "The Role of Capital Regulations in Combating ’Too Big To Fail'"

Gerald Epstein & Jane D'Arista, University of Massachusetts Amherst: “Dodd-Frank and the Regulation of Dangerous Financial Interconnectedness”

Jennifer Taub, University of Massachusetts Amherst: “Great Expectations for the Office of Financial Research”

Ty Gellasch & Andy Green, Senator Merkley and Levin's Offices: "Making the Dodd-Frank Act Restrictions On Proprietary Trading and Conflicts of Interest Work"

11:15 - 12:30 PM | Fixing the Broken Financial Markets: Moderated by Mike Konczal

Michael Greenberger, University of Maryland School of Law: “Is Our Economy Safe?   A Proposal for Assessing the Success of Swaps Regulation under the Dodd-Frank Act”

Wallace Turbeville, former CEO of VMAC LLC, Visiting Scholar at the Roosevelt Institute: “Derivatives Clearinghouses in the Era of Financial Reform”

Tim Duncan, American Business Leaders for Financial Reform: “Launch Codes: Guiding Principles for the New Bureau of Consumer Financial Protection”

Josh Rosner, Graham Fisher & Co: "Securitization: Will the 'Wild West' become a 'Ghost Town' or a 'Thriving Metropolis'"

Jerome Fons, Kroll Bond Rating Agency, Inc.: “The Future of the Ratings Market”

 

Speaker bios can be found here.