I think living wills, while they are not a panacea, can be a useful adjunct to supervision.
Editor's note · Context
Living wills help in understanding and unwinding complex financial institutions.
Share
More from Ben Bernanke
Nothing is more important for restoring economic growth than improving public health.
Our mission as set forth by the Congress is a critical one: to preserve price stability; to foster maximum sustainable growth in output and employment; and to promote a stable and efficient financial system that serves all Americans well…
Anthropic has created a unique governance structure to try to ensure that the long-run benefits of AI for humanity far outweigh the risks.
Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…





