As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.
Bill Foster: “As the global economy changes, financial firms and their regulators must remain well-apprised of new and emerging risks.”
Editor's note · Context
Foster emphasizes the need for awareness of global economic risks.
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I have been amused for a long time at how can it be that there is legislation supported by 70 or 80 percent of the public, a clear majority of Members of Congress, and yet we are not allowed to even vote on it.
If you made it anonymous, you would allow Members to sort of probe support for centrist legislation.
If you conclude, as you are actively studying it, that you need more visibility into certain areas of, particularly nonbank things that may be parts of the chain of contagion, please let us know, because it is our job to avoid the next…
I guess when things are going well, as they currently are, it is all of our duties to look around the curve and see the risks that keep you up at night.





