Second, we must strengthen what I will call the financial infrastructure--the systems, rules, and conventions that govern trading, payment, clearing, and settlement in financial markets--to ensure that it will perform well under stress.
Stressing the importance of robust financial systems to withstand economic stress.
Share
More from John C. Coffee
We must not let history repeat itself by creating more regulatory black holes and exposing investors to unacceptable levels of risk and outright fraud.
There is no efficiency in selective disclosure. This is an issue of fairness.
First, I believe the greatest enemy of job creation today is not overregulation, but the loss of investor confidence.
The biggest problems in our financial economy are the problems associated with systemic risk.
Other voices in this conversation
