May 7—The Yale School of Management (SOM) announced today a partnership with Timothy F. Geithner, 75th secretary of the U.S. Department of the Treasury, to improve the quality of practical knowledge available about the consequential craft of financial crisis prevention and response.
Former Chairman of the Federal Reserve Paul Volcker criticized the current state of democracy in America in a Wilson School lecture on Friday. Volcker explained that the topic of the lecture would be “Good Governance,” examining the current state of the United States’ governing bodies and whether or not they are meeting the needs of citizens.
The Yale Program on Financial Stability (YPFS) is holding its inaugural conference on August 1, 2014 on the campus of Yale University in New Haven, Connecticut. The conference is held jointly with the Journal of Banking and Finance (JBF) on the topic of “bank capital”. We especially welcome papers that successfully bring academic rigor to practical questions faced by regulators.
Yale SOM’s Andrew Metrick and Gary Gorton served as panelists at the Sullivan & Cromwell Conference on Challenges in Global Financial Services.
Yale’s School of Management wants the nation’s regulators to learn the lessons of the financial crisis, and they’re designing a new program to help them do it.
Yale SOM has launched the Yale Program on Financial Stability to provide research and training to regulators in the new field of macroprudential financial regulation, which focuses on measuring and managing systemic risk in financial markets.
Andrew Metrick, the Michael H. Jordan Professor of Finance and Management, deputy dean, and director of the YPFS, discusses how the financial crisis has revealed the need for improved understanding of interconnections in the financial system and how the Program on Financial Stability aims to help regulators draw on the latest academic insights to approach this task.
Richard Berner, director of the U.S. Office of Financial Research (OFR), talks with Andrew Metrick, Michael H. Jordan Professor of Finance and Management, deputy dean, and director of the Yale Program on Financial Stability, about the role the OFR is expected to play in providing analysis of threats to financial stability.