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Real Time Solutions for US Financial Reform | NYU Stern Working Group on Financial Reform

On Vox, the authors noted have a new ebook (pdf) that paints a quite complete picture of the elements for consideration in financial services regulatory reform.

Real Time Solutions for US Financial Reform

Viral Acharya Thomas F. Cooley Matthew Richardson Ingo Walter
15 December 2009

The NYU Stern group – authors of the influential book Restoring Financial Stability: How to Repair a Failed System – have completed a new ebook that assesses the strengths and weaknesses of the US financial reform legislation. This column introduces the new ebook.

FYI, here is the ToC.  Click through for the book in pdf.


Chapter 1. Summaries
Section 1 – U.S. Financial Architecture
2. The Architecture of Financial Regulation
3. Central Bank Independence and the Role of the Fed
Section 2 – Systemic Risk
4. Measuring Systemic Risk
5. Managing Systemic Risk
6. Taxing Too-Big-to-Fail Institutions
7. Capital and Liquidity Requirements
8. Is Breaking Up the Big Financial Companies a Good Idea?
9. Contingent Capital
10. Financial Institutions Subject to the Bankruptcy Code
Section 3 – Institutions
11. Money Market Funds: How to Avoid “Breaking the Buck”
12. Hedge Funds and Mutual Funds
13. Toward a New Architecture for U.S. Mortgage Markets: The Future of the
Government-Sponsored Enterprises
14. Insurance Industry
15. Regulation of Rating Agencies
Section 4 – Markets
16. Regulating OTC Derivatives
17. Securitization Reforms
Section 5 –Governance and Consumer Protection
18. Consumer Finance Protection Agency: Is There a Need?
19. Regulation of Compensation and Corporate Governance at Financial Institutions
Section 6 – Accounting Issues
20. Bank Regulators Should Not Meddle in GAAP
21. Banks’ Loan Loss Reserving
22. Market Illiquidity and Fair Value Measurement

Written by Colin Henderson

January 24, 2010 at 20:33

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