Financial Stability and the Problem of Too-Big-to-Fail Financial Institutions

March 5, 2013, 12:00 AM EST
Peterson Institute for International Economics, Washington, DC
Sheila Bair (Former FDIC Chairperson), Sherrod Brown (Senator (D-OH)), Jon Huntsman (Former Governor (R-UT)) and Simon Johnson (PIIE)

Former FDIC Chairman Sheila Bair, Senator Sherrod Brown (D-OH), and former Governor Jon Huntsman (R-UT) discussed effective regulatory and supervisory policies for the global financial system and government intervention on too-big-to-fail financial institutions at the Peterson Institute on March 5, 2013. PIIE Senior Fellow Simon Johnson moderated the discussion.

Prior to her appointment by President George W. Bush to chair the FDIC, Professor Bair served as Assistant Secretary of the Treasury for Financial Markets in his administration. Senator Brown serves on both the Senate Finance and Banking Committees and is chairman of the latter's Financial Institutions and Consumer Protection Subcommittee. Governor Huntsman has dealt with international financial coordination in his roles as Deputy US Trade Representative, Ambassador to Singapore, and most recently as Ambassador to China.