Vasisht Discussed New Risks 10 Years after Financial Crisis

Friday, September 28, 2018

Gaurav Vasisht, Senior Vice President and Director, Financial Regulation at the Volcker Alliance, participated on a panel during a full-day conference that explored new risks "Ten Years After the Financial Crisis: Closing Loopholes, Avoiding Blindspots and Finding Economic Justice" hosted by Georgetown Law on September 28, 2018. Leading financial experts from government, academia and journalism discussed lessons learned from the crisis, new risks and potential solutions to promote stability and economic justice.  Former FDIC Chair and Volcker Alliance Board Member Sheila Bair delivered the keynote address on “Forgotten Lessons of the Financial Crisis.”

The panel discussion that featured Mr. Vasisht covered the current state of financial stability regulation in the United States. Panelists discussed to what extent the financial system has become more resilient, and what needs to be done to minimize damage from the next crisis. Mr. Vasisht also mentioned the need for more transparency on data collected by regulatory agencies from banks about implementation of the Volcker Rule, a topic he wrote about recently in the Wall Street Journal with Ms. Bair.

Additional speakers throughout the day included:

· George Akerlof, Georgetown University

· Sheila Bair, Former Chair, FDIC

· Edward Baptist, Cornell University

· John C. Bogle, The Vanguard Group

· Anupam Chander, Georgetown Law

· Anthony Cook, Georgetown Law

· Jesse Eisinger, Pro Publica

· James Feinerman, Georgetown Law

· Professor Anne Fleming, Georgetown Law

· Anna Gelpern, Georgetown Law

· Gary Gensler, M.I.T. Sloan School of Management

· Erik Gerding, University of Colorado Law School

· Michael Greenberger, University of Maryland

· Rob Johnson, Institute for New Economic Thinking

· Ed Kane, Boston College

· Dennis Kelleher, Better Markets

· Adam Levitin, Georgetown Law

· Frank Pasquale, Black Box Society

· Peter Whoriskey, The Washington Post


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