The Pew Charitable Trusts is driven by the power of knowledge to solve today's most challenging problems. Pew applies a rigorous, analytical approach to improve public policy, inform the public and stimulate civic life.
The Financial Reform Project brings a nonpartisan, fact-based approach to reforming and modernizing the financial sector. Financial markets have changed radically in the several decades since the nation’s major banking, securities and insurance regulations were first enacted. The 2008 financial crisis generated substantial momentum for examining the full range of regulatory issues. Too Important to Fail: The financial crisis resulted in unacceptable costs to families, businesses and taxpayers. Millions of Americans have lost their jobs, their homes and much of their savings. Our future depends upon a fair, competitive and stable financial sector. The Financial Reform Project is based on a commitment to seek the right balance between market flexibility and regulatory safety
For more information visit www.pewfr.com.
Apr 28, 2010 - The latest report from the Pew Financial Reform Project found that U.S. households lost on average nearly $5,800 in income due to reduced economic growth during the acute stage of the financial crisis from September 2008 through the end of 2009. Also, the combined peak loss from declining stock and home values totaled nearly $100,000, on average per U.S. household, during the July 2008 to March 2009 period. This analysis highlights the importance of reducing the onset and severity of future financial crises, and the value of market reforms to achieve this goal.
Read: Summary View: Full Report (Adobe PDF)
Sep 24, 2009 - There is a strong consensus that reform of the financial regulatory system must include significant increases in the capital requirements for banks. All else equal, this should make the banks safer by providing a greater cushion to survive the mistakes and accidents from which they inevitably suffer.
Jul 20, 2009 - This note discusses how U.S. legislators can address the difficult problem of choosing between different ways of dividing up the responsibilities of federal financial regulatory agencies.
Jul 08, 2009 - This note argues that before getting into the issues of the organization of systemic risk regulation legislators and regulators need to agree on the nature of the problem.
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