What reforms does the US financial system need?
The last round of significant financial reforms in the United States was a decade ago with the adoption of the Dodd-Frank Act following the financial crisis of 2007–09. Since then, the effect of these reforms has unfolded, the regulatory and supervisory framework has been relaxed in recent years, and now the COVID-19 pandemic has shocked the economy in recent months. With the US presidential election looming, this session will be devoted to discussing the lessons learned and options for a US financial reform agenda.
Joining this episode of Financial Statements were:
Nicolas Véron, Senior Fellow, Peterson Institute for International Economics (PIIE)