Too big to fail in times of Covid-19
Speaker: Ron Feldman, First Vice-President and Chief Operating Officer, Federal Reserve Bank of Minneapolis
In the wake of the 2008 financial crisis, policy-makers and market participants have debated the role of large financial institutions in the wider economy and the risks they pose to financial stability. Yet according to the Federal Reserve Bank of Minneapolis, there are still too many banks that are too big to fail. This theme has resurfaced as a result of the downturn. Ron Feldman, first vice-president and chief operating officer at the Federal Reserve Bank of Minneapolis, discusses the relevance of ‘too big to fail’ during the pandemic and the effectiveness of the regulation introduced since 2008.
11:00-12:00 (New York)