House Committee Examines Systemic Risk and the Financial Markets
July 10, 2008
Washington, DC—House Financial Services Committee Chairman Barney Frank (D-MA)
- Current state of the financial regulatory system, both in the United States and abroad, and ways to measure and limit risk without stifling innovations and improve market liquidity and breadth.
- The implications of providing investment banks and others access to the discount window.
- In light of the collapse of Bear Stearns, proposals to improve the regulatory structure to better assess and mitigate systemic risk to avoid a similar or more serious crisis in the future.
- The need for enhanced capital and reserve requirements for financial firms.
- The adequacy of current powers of the Federal Reserve and other regulatory agencies to protect the financial system and the taxpayers.
Witness List & Prepared Testimony:
- The Honorable Henry M. Paulson Jr., Secretary of the Treasury, United States Department of the Treasury
- The Honorable Ben S. Bernanke, Chairman, Board of Governors of the Federal Reserve System
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