The financial reform plans currently under discussion in the United States recognize the need for monitoring and regulating systemic risk in the financial sector. To inform those discussions, the National Research Council held a workshop on November 3, 2009, to identify the major technical challenges to building such a capability. The workshop, summarized in this volume, addressed the following key issues as they relate to systemic risk:
Because every systemic event is unique with respect to its specific pathology—the various triggers and the propagation of effects—the workshop focused on the issues listed above for systemic risk in general rather than for any specific scenario. Thus, by design, the workshop explicitly addressed neither the causes of the current crisis nor policy options for reducing risk, and it attempted to steer clear of some policy issues altogether (such as how to allocate new supervisory responsibilities). More than 40 experts representing diverse perspectives participated in the workshop.
Table of Contents
|1 Introduction and Major Outcomes of the Workshop||1-3|
|2 Major Themes of the Workshop Discussions||4-13|
|3 Observations from the Workshop's Keynote Presentations||14-16|
|Appendix A Letter from Senator Jack Reed to Ralph Cicerone, National Academy of Sciences President||17-19|
|Appendix B Workshop Participants||20-20|
The National Academies Press and the Transportation Research Board have partnered with Copyright Clearance Center to offer a variety of options for reusing our content. You may request permission to:
For most Academic and Educational uses no royalties will be charged although you are required to obtain a license and comply with the license terms and conditions.
For information on how to request permission to translate our work and for any other rights related query please click here.
For questions about using the Copyright.com service, please contact:
Copyright Clearance Center
22 Rosewood Drive
Danvers, MA 01923
Tel (toll free): 855/239-3415 (select option 1)
Loading stats for Technical Capabilities Necessary for Regulation of Systemic Financial Risk: Summary of a Workshop...