The Financial Crisis, Five Years Later: Progress or Paralysis?
Posted by Julia Schleppi | Posted on Jan 27, 2014
Join us for a panel discussion with four leaders (three of them Clark Alumni) in the world of financial regulations:
Paul Saltzman ’82, John Bovenzi ’79, Bob Chakravorti, and Donald Vangel ’74
Moderated by Professor Jacqueline Geoghegan, Chair of the Economics Department
- Thursday, Feb. 6 at 3 p.m.
- Razzo Hall
A reception will immediately following the panel discussion.
It has been more than five years since the 2008 financial crisis, the worst international financial crisis since the Great Depression, to which the U.S. government responded with emergency financial support for the country’s financial institutions. Many saw the crisis as having resulted from a failure of regulation and supervision of financial markets; in 2010 President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which provides for a far-reaching overhaul of the country’s financial regulatory system. The impact of this legislation continues to be debated. For some, the financial system is far more stable than prior to the crisis, while others continue to argue that the country’s large financial institutions are still “Too Big to Fail.”
The four panelists (three of whom are Clark graduates) are leaders in the world of financial regulation, each focusing on critical issues that are still being debated in around the world. The panelists will discuss the nature of the crisis, how financial markets have changed in the wake of the financial crisis and the effects of the regulatory response.