# Prof. Robert Engle is interviewed about the financial services industry

1 Faculty News May 24, 2014 ![](/sites/default/files/styles/246w/public/assets/images/El-Paso-Times.jpg?itok=MAM20BN2)>

Excerpt from [El Paso Times](http://www.elpasotimes.com/business/ci_25825971/nobel-economist-says-us-banks-healthier-but-closer) -- "The financial landscape can change quickly, and that's why regulators need to be 'aware of when risks are growing and need timely evidence. And I'm not sure a once-a-year stress test (instituted in 2009) is enough to see what is going on, and make good decisions,' \[[Engle](http://www.stern.nyu.edu/faculty/bio/robert-engle)\] said. A more frequent monitoring system is needed, and that's what Engle said he and his colleagues have developed at NYU."

[Read more](http://www.elpasotimes.com/business/ci_25825971/nobel-economist-says-us-banks-healthier-but-closer)