Coleman warns of stability dangers from regulatory reform

In search of stability

stacy-coleman

As head of operational risk at the New York Federal Reserve Bank, Stacy Coleman spends much of her time concerned about the stability of the US financial system - but, she says, the threats that worry her most have as much to do with September 2001 as September 2008.

Seven years before the growing US subprime mortgage crisis caused the downfall of major investment banks in the largest financial upheaval in 70 years, the September 11 terrorist attacks had dramatically demonstrated the

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