Financial Crises

Shadow Banks, Short-term Debt, and Structural Issues

Dec 5, 2016 | 8:30 – 15:00 Download .ics

529 14th Street, NW Washington, DC 20045 | The National Press Club

The Volcker Alliance and the Institute for New Economic Thinking convened a group of influential thinkers for a half-day forum to discuss regulatory and structural changes needed to ensure the stability and resilience of financial markets. 

Panels of experts discussed regulatory reform and reshaping the regulatory system. Opening remarks delivered by: Jacob J. Lew, Secretary of the Treasury, and Paul A. Volcker, former Chairman of the Board of Governors of the Federal Reserve System. The Volcker Alliance released a new report, Unfinished Business: Banking in the Shadows, which delves into the financial system’s reliance on short-term debt and central clearinghouses, as well as the structure of regulating financial institutions in the U.S.

Event video to follow. 

Read - Unfinished Business: Banking in the Shadows

Read - Memorandum on the Asset Management Industry

Read - Clearinghouses for Over-the-Counter Derivatives

Monday, December 5, 2017

National Press Club, Washington, D.C.

9:00 AM Welcome Remarks
Tom Ross

9:10 AM 


Opening Remarks
Paul Volcker

9:25 AM 


Brief Remarks
Jacob J. Lew

9:40 AM Overview of the Volcker Alliance Report
Gaurav Vasisht
10:00 AM Closing the Gaps in Financial Regulation
Michael Bradfield, Tom Hoenig, Simon Johnson, Kevin Warsh
Moderator: Robert Johnson
11:00 AM Reshaping the Regulatory Architecture in an Evolving Financial Landscape
Sheila BairWilliam DonaldsonBarney Frank, Donald Kohn, Antonio Weiss
Moderator: Paul Volcker
12:15 PM Lunch
12:30 PM A Conversation with Chairman Volcker
Paul Volcker

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Meet the leaders and scholars whose new thinking guides our work. View all speakers

  • Paul Volcker

    Chairman, The Volcker Alliance

    Former Chairman of the Board of Governors, The Federal Reserve System

  • Jacob Lew

    Secretary of the Treasury, U.S. Department of the Treasury

  • Sheila Bair

    President, Washington College

    Former Chairman, Federal Deposit Insurance Corporation (FDIC)

  • William Donaldson

    Chairman, Donaldson Enterprises

    Chairman, Financial Services Volunteer Corps (FSVC)

  • Barney Frank

    Former Chairman, House Financial Services Committee

    Former Member, House Of Representatives (MA)

  • Thomas Hoenig

    Vice Chairman, Federal Deposit Insurance Corporation (FDIC)

  • Rob Johnson

    President, INET

  • Simon Johnson

    Advisory Board, INET

  • Donald Kohn

    Senior Fellow, The Brookings Institution

    Former Vice Chairman, The Federal Reserve System

  • Thomas Ross

    President, Volcker Alliance

  • Gaurav Vasisht

    Director of Financial Regulation, Volcker Alliance

  • Kevin Warsh

    Shepard Family Distinguished Visiting Fellow in Economics, The Hoover Institution

    Former Governor of the Board of Governors, The Federal Reserve System

  • Antonio Weiss

    Counselor to the Secretary, U.S. Department of the Treasury