Financial Regulation

Renewing America

Renewing America

Will the Volcker Rule Work?

As federal regulators flesh out financial reform specifics, questions remain about how the Volcker Rule--aimed at preventing banks from taking overly risky bets--will work, and whether it will make the financial system safer.

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A Conversation with Lael Brainard

Speaker: Lael Brainard
Presider: Faryar Shirzad

Lael Brainard, undersecretary for international affairs at the U.S. Department of Treasury, outlines the discussion between President Obama and President Hu Jintao, as well as the effect of the financial regulatory reform on the international agenda at the treasury for the upcoming year.

This meeting was part of the C. Peter McColough Series on International Economics.

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Must Read

Politico: On Finance, Obama Hews to Status Quo

Simon Johnson, former chief economist at the International Monetary Fund and current Ronald A. Kurtz professor of entrepreneurship at MIT, suggests that Obama's supposedly "centrist" approach to financial reform is actually quite conservative, while real reform is being driven from the center by Gary Gensler, Mary shapiro, and Elizabeth Warren.

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