# Prof. Kim Schoenholtz comments on banking reform; research from Stern's Volatility Institute is highlighted

1 Faculty News September 10, 2014 ![The New York Times Logo](/sites/default/files/styles/246w/public/assets/images/con_046920.jpg?itok=HUe5o4w-)>

Excerpt from [The New York Times](http://dealbook.nytimes.com/2014/09/10/recognizing-bubbles-but-still-cautious-on-deflating-them/?_php=true&_type=blogs&_r=0) -- "Britain has one of most streamlined systems on the planet, said [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz), Mr. Cecchetti's blogging partner and an economist at New York University's Stern School of Business. 'We have one of the most chaotic.'"

[Read more](http://dealbook.nytimes.com/2014/09/10/recognizing-bubbles-but-still-cautious-on-deflating-them/?_php=true&_type=blogs&_r=0)

Additional coverage appeared on [ProPublica](http://www.propublica.org/thetrade/item/the-fed-hates-to-burst-your-bubble).