Faculty News

In a story exploring the post-2008 regulatory landscape, Professor Richard Berner argues that a wider-angle examination of the entire financial system is vital

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Excerpt from Financial Times -- We’ve done a lot to strengthen banks, and that’s a good thing. But we’ve done much less outside the banking system,' says Richard Berner, a finance professor at New York University and the former head of the US Treasury’s Office of Financial Research, which was set up to monitor systemic risks after 2008. 'And that unlevel playing field tends to get regulatory arbitrage, with some activities simply migrating to less regulated entities.'”

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