Fed vice-chair outlines views on financial stability and policy

In a speech in Atlanta at the Federal Reserve Bank of Atlanta's 2007 Financial Markets Conference on Sea Island, Georgia, vice-chairman Donald Kohn said there are good reasons to think financial innovation, including the emergence and growth of the credit derivatives markets, has made the financial system and economy more resilient. But he also warned that these innovations have not eliminated systemic risk. Both market participants and public authorities need to think carefully about how th

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: