Unfinished Business: Banking in the Shadows

Monday, December 5, 2016
The Volcker Alliance

In this report, the Volcker Alliance identifies areas of vulnerability that pose a high level of risk to the public, and lays out a range of options to better assure the stability and effectiveness of the financial system. The report was released at an event co-hosted with the Institute for New Economic Thinking and held at the National Press Club in Washington, DC.

The report identifies areas of concern that warrant greater attention by policymakers, including the risk of runs associated with excessive reliance on short-term debt; the growing concentration of credit risk in a small number of highly interconnected clearinghouses for over-the-counter derivatives; and the fragmented and disjointed framework for regulating financial institutions in the United States.

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