# Prof. Viral Acharya's research on systemic risk is featured

1 Faculty News December 16, 2014 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://ftalphaville.ft.com/2014/12/16/2069981/how-to-regulate-banks-crazy-like-a-fox/) -- "Relative share price movements also contain useful information. [Viral Acharya](http://www.stern.nyu.edu/faculty/bio/viral-acharya) and his colleagues at NYU’s Volatility Institute have convincingly argued that the extent to which a given bank’s share price falls on days when the broader stock market declines is a decent proxy for the riskiness of the bank’s specific business model and mix of assets. On down days, safer banks should fall less than fragile ones."

[Read more](http://ftalphaville.ft.com/2014/12/16/2069981/how-to-regulate-banks-crazy-like-a-fox/)