The Federalist Society

A Conversation on Proposed Systemic Risk Regulation - Podcast

Financial Services and E-Commerce Practice Group

July 24, 2009

Peter J. Wallison, Wayne A. Abernathy, John L. Douglas

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  A Conversation on Systemic Risk Regulation 7-24-09 - MP3
Running Time: 00:53:37

On March 26, 2009, Treasury Secretary Timothy Geithner outlined the administration’s plan to regulate the financial system during a hearing before the House Financial Services Committee.  The proposals included the creation of a systemic regulator that would have the authority to designate “significantly important” financial institutions that may pose serious risks to the stability of the financial system. What does it mean for an institution to be so designated? Can a systemic regulator provide the needed oversight of financial institutions? Does the federal government have sufficient existing authority to deal with systemic risk and should it have the authority to resolve financial institutions outside of existing bankruptcy law?  Our speakers address these and other questions.


  • Hon. Peter J. Wallison, American Enterprise Institute
  • Hon. Wayne A. Abernathy, American Bankers Association
  • Moderator: Mr. John L. Douglas, Davis Polk & Wardwell LLP


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Related Links

Treasury Secretary Timothy Geithner’s Testimony before the House Financial Services Committee, March 26, 2009
“U.S. Treasury Outlines Framework For Regulatory Reform: Provides new Rules of the Road, focuses first on containing systemic risk” press release, March 26, 2009
“Too Big to Fail, or Succeed: Everyone will want to become big enough to enjoy 'systemic risk' protection.” By Peter J. Wallison, Wall Street Journal
“Everything You Wanted to Know about Credit Default Swaps--but Were Never Told,” By Peter J. Wallison, AEI Financial Services Outlook
“Unfree to Choose: The Administration’s Consumer Financial Protection Agency” By Peter J. Wallison, AEI Financial Services Outlook
“The Financial Services Bailout: Cause, Effect and the Limits of Government Action” March 19, 2009, event audio/video
“Reinventing GSEs: Treasury’s Plan for Financial Restructuring” by Peter J. Wallison, AEI Financial Services Outlook
“Elitist Protection Consumers Don't Need” by Peter J. Wallison, The Washington Post
“The Obama Financial Regulatory Reform Plan: Poor Policy And Missed Opportunities” by David C. John, Heritage Foundation
“Did Deregulation Cause the Financial Crisis?” by Mark A. Calabria, Cato (PDF)
“Financial Innovation, Regulation, and Reform” by Charles W. Calomiris, Cato Journal (PDF)
“A Market Solution to Secure Banks’ Future” by William Poole, Cato
“Advice, Not Consent” by Alex J. Pollock, AEI

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