PennPPR
Managing Systemic Risk
January 24, 2012 - "A Regulatory Framework for Managing Systemic Risk" - Steven L. Schwarcz presented a Risk Regulation Seminar about the systemic risk in the financial sector and how current approaches to regulating financial risk are insufficient. Schwarcz suggested that a new analytical framework could be established in order to help internalize risk within financial institutions themselves to as to minimize external risk that might affect multiple institutions within the economy. This might involve firms paying into a 'systemic risk fund' that would help firms to be able to recover from financial failures. Schwarcz is a Stanley A. Star Professor of Law and Business at Duke University.
Managing Systemic Risk
January 24, 2012 - "A Regulatory Framework for Managing Systemic Risk" - Steven L. Schwarcz presented a Risk Regulation Seminar about the systemic risk in the financial sector and how current approaches to regulating financial risk are insufficient. Schwarcz suggested that a new analytical framework could be established in order to help internalize risk within financial institutions themselves to as to minimize external risk that might affect multiple institutions within the economy. This might involve firms paying into a 'systemic risk fund' that would help firms to be able to recover from financial failures. Schwarcz is a Stanley A. Star Professor of Law and Business at Duke University.