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Conference Paper
Remarks
Journal Article
The challenges of risk management in diversified financial companies
In recent years, financial institutions and their supervisors have placed increased emphasis on the importance of measuring and managing risk on a firmwide basis?a coordinated process referred to as consolidated risk management. Although the benefits of this type of risk management are widely acknowledged, few if any financial firms have fully developed systems in place today, suggesting that significant obstacles have led them to manage risk in a more segmented fashion. In this article, the authors examine the economic rationale behind consolidated risk management. Their goal is to detail ...
Journal Article
Commentary on 3 papers on the role of capital regulation in bank supervision
This paper was presented at the conference "Financial services at the crossroads: capital regulation in the twenty-first century" as part of session 6, "The role of capital regulation in bank supervision." The conference, held at the Federal Reserve Bank of New York on February 26-27, 1998, was designed to encourage a consensus between the public and private sectors on an agenda for capital regulation in the new century.
Journal Article
The economics of securitization
Speech
Managing crises without government guarantees—how do we get there?
Remarks at Banking Law Symposium 2011, Paris, France.
Speech
Reform in a time of rapid change
Remarks at the Standard and Poor's Ratings Services Global Bank Conference, New York City
Speech
Remarks at the celebration of the 10th anniversary of CLS
Comments at the 10th Anniversary of CLS, New York City.
Speech
Introductory remarks for the Panel on Regulating Financial Markets: lessons from crisis management
Introductory Remarks for the Panel Discussion Sponsored by the Heller-Hurwicz Economics Institute and the Economic Club of Minnesota at the University of Minnesota, Minneapolis.