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Streamed live on Nov 22, 2013
Commercial banks -- the traditional focus of financial regulation--no longer stand at the center of the financial system. In the run up to the financial collapse of 2008, new forms of credit assumed an ever larger role, creating an unprecedented web of complexity and interconnectedness. The crisis revealed that broker-dealers, money market funds, asset managers, and insurance companies have become key actors in the financial system, with the potential to shake the stability of the whole economy.
Dodd Frank gave regulators additional tools for the oversight of non-bank entities and 'shadow banking'. But significant controversy exists concerning how these tools should be used. Join prominent experts, reform advocates, and regulators for a discussion of market-mediated credit and the steps needed to integrate it into a safer and more sustainable financial system.