Daniel K. Tarullo, member of the Federal Reserve Board of Governors, reviews the vulnerabilities in the financial system that contributed to the crisis and compelled regulatory response, outlines key reforms adopted to date, and identifies the important regulatory tasks that remain.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Daniel K. Tarullo, member of the Federal Reserve Board of Governors, reviews the vulnerabilities in the financial system that contributed to the crisis and compelled regulatory response, outlines key reforms adopted to date, and identifies the important regulatory tasks that remain.

The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.

Watch experts discuss the recent volatility in the markets, with particular regard to credit markets and implications for the U.S. economy as a whole.

Listen to experts discuss the recent volatility in the markets, with particular regard to credit markets and implications for the U.S. economy as a whole.

Watch experts discuss recent turmoil in the markets and the steps that can be taken to address it.

Listen to experts discuss recent turmoil in the markets and the steps that can be taken to address it.

Watch experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.

Listen to experts discuss broader global economic trends, such as the global labor market, China's changing role in the world economy, and the backlash against globalization, in this special edition of the Council's signature World Economic Update Series.

In this edition of the World Economic Update, the panelists discussed the practical steps that should be taken regarding U.S. trade imbalances and the degree to which the G-7 and IMF pronouncements on global imbalances are likely to bear fruit.