The 2007-09 financial and economic crisis was the result of a lack of effective regulation. The author addresses the problems with regulations in effect at the time of the crisis and offers proposals for regulation reform to address future crises. He notes that reforms should be based on solid...

Presented by Charles I. Plosser, President and Chief Executive Officer, Federal Reserve Bank of Philadelphia. ; Eighth Annual Finance Conference Boston College Carroll School of Management, Boston, MA

It is common knowledge that the banking industry has become increasingly consolidated over the past 25 years. In 1990, prior to a number of banking law changes, the nation housed around 12,500 charters. Today, there are roughly 6,000 charters, with consolidated assets of the top 10 U.S. banking...

We’ll know more about the full impact of the Dodd-Frank Act once the rulemaking takes shape.

Find out why community banks will benefit from the new FDIC assessment base as called for under the Dodd-Frank Act.

Remarks at the 2011 Bretton Woods Committee International Council Meeting, Washington, D.C.>

How would you feel if even though you were making regular monthly payments, your mortgage bank sold your house? This may seem like an odd question, but this type of situation happens every day in financial markets in a practice known as rehypothecation. Although such practices may be hard for...

Remarks at the New York Bankers Association Financial Services Forum, New York City.

Remarks before Columbia University’s Politics and Business Club, New York City, NY, November 15, 2011 ; "I shall speak of the difficulty of treating [too big to fail] in a culture held hostage by concerns for 'contagion,' 'systemic risk' and 'unique solutions.' I will posit that preoccupation...