James R. Barth, John Dearie, David Skeel, and Arthur Wilmarth
- Published in print:
- 2014
- Published Online:
- May 2015
- ISBN:
- 9780262028035
- eISBN:
- 9780262325929
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262028035.003.0006
- Subject:
- Economics and Finance, Financial Economics
In this panel discussion, John Dearie, Executive Vice President of the Financial Services Forum, lists several shortcomings of Dodd-Frank, but contends that the banking system is far stronger than it ...
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In this panel discussion, John Dearie, Executive Vice President of the Financial Services Forum, lists several shortcomings of Dodd-Frank, but contends that the banking system is far stronger than it was in 2008. Professor James Barth provides examples of regulators failing to supervise and regulate financial institutions properly and suggests a sentinel to oversee regulators. Professor David Skeel discusses the virtues of the single point of entry strategy for resolving troubled financial firms, and also expresses several concerns about the procedure. Professor Arthur Wilmarth raises questions about whether the new resolution procedures will incentivize banks to use even more short-term financing.Less
In this panel discussion, John Dearie, Executive Vice President of the Financial Services Forum, lists several shortcomings of Dodd-Frank, but contends that the banking system is far stronger than it was in 2008. Professor James Barth provides examples of regulators failing to supervise and regulate financial institutions properly and suggests a sentinel to oversee regulators. Professor David Skeel discusses the virtues of the single point of entry strategy for resolving troubled financial firms, and also expresses several concerns about the procedure. Professor Arthur Wilmarth raises questions about whether the new resolution procedures will incentivize banks to use even more short-term financing.
