Do we have a liquidity problem post-crisis?

Featuring keynote remarks by Federal Reserve Vice Chairman Stanley Fischer
Tuesday, November 15, 2016, 1:30 — 4:30 p.m.
The Brookings Institution, Falk Auditorium, 1775 Massachusetts Avenue, N.W
Washington, DC 20036

Market liquidity reflects the ability of buyers or sellers of financial assets to affect trades without inducing large changes in asset prices. How should this be appropriately measured? Private sector participants in financial markets have expressed concern about the impact of regulations introduced since the financial crisis on market liquidity. Regulators have argued that the impact of regulation has been small and that liquidity remains sufficient to avoid excessive price volatility in markets.

On November 15, the Initiative on Business and Public Policy at Brookings will host a conference to explore a range of views on this topic, featuring a keynote address by Stanley Fischer, vice-chairman of the Federal Reserve Board, as well as a panel discussion on risk management and financial regulation from leading policy experts. After the panel discussion, panelists will take questions from the audience.

The event will be webcast live. Join the conversation on Twitter at #Liquidity.

Keynote Remarks:

  • Stanley Fischer, Vice Chairman, Board of Governors of the Federal Reserve System
  • Panel One
    Moderator: Hal S. Scott, President & Director, Committee on Capital Markets Regulation; Nomura Professor and Director, Program on International Financial Systems, Harvard Law School

    • Barbara Novick, Vice Chairman, BlackRock
    • Debbie Toennies, Head of Regulatory Affairs, Corporate and Investment Bank, JPMorgan Chase
    • Joseph Tracy, Executive Vice President and Senior Advisor to the President, Federal Reserve Bank of New York
  • Panel Two
    Moderator: Aaron Klein, Fellow and Policy Director, Initiative on Business and Public Policy, The Brookings Institution

    • Greg Baer, President of the Association, Executive Vice President and General Counsel, Payments Company, The Clearing House
    • Jason Carroll, Managing Director, Hudson River Trading
    • Andrew Green, Managing Director, Economic Policy, Center for American Progress

 

* To read Stanley Fischer’s keynote address from the event, click here.