CFA INSTITUTE SYSTEMIC RISK COUNCIL ANNOUNCES REORGANIZATION
CFA Institute announced September 16, 2021 that it will be reorganizing the Systemic Risk Council initiative that it established in 2013.
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SYSTEMIC RISK COUNCIL RESPONDS TO SECURITIES AND EXCHANGE COMMISSION CONSULTATION ON REFORM OF MONEY FUNDS AND OTHER OPEN-ENDED FUNDS
WASHINGTON, D. C. —– On April 12, 2021, the Systemic Risk Council issued its preliminary response to the Securities and Exchange Commission consultation on the President’s Working Group report on reforming money market and other open-ended funds in the light of the March 2020 turmoil in U.S. short-term financing markets. The SRC welcomes the PWG […]
Systemic Risk Council Urges Congress To Demand Renewed Vigilance In Preserving Stability After US Equity Market Episode
WASHINGTON, D. C. —– On March 3, 2021, the Systemic Risk Council issued a letter to the US Congress on the resilience and stability of the financial system in the wake of the recent extraordinary equity market volatility. In addition to well publicized questions on market integrity and efficiency raised by the GameStop episode, the […]
SRC Statement on Financial System Actions for Covid-19
The Systemic Risk Council (SRC or Council) is a private sector, non-partisan body of former government officials and financial and legal experts committed to addressing regulatory and structural issues relating to global systemic risk, with a particular focus on the United States and Europe. It has been formed to provide a strong, independent voice for […]
SRC Webinar – Ensuring Financial Stability: Relaunching the Reform Debate After Pandemic Dislocation
STATEMENT BY THE SYSTEMIC RISK COUNCIL ON REIGNITING REFORMS TO ENSURE A RESILIENT AND STABLE FINANCIAL SYSTEM
A decade ago the G20 leaders, supported by their finance ministers and central bank governors, approved a program of reform to restore the resilience and stability of the international financial system in the wake of the 2007-09 crisis. It is timely to think about what was left out or undone in the light of events […]
Statement By the Systemic Risk Council Addressed to the Chairman, Financial Stability Board, Bank for International Settlements on CCP Resolution
On 4 May 2020 the Financial Stability Board issued draft guidance on the resolution of central-counterparty clearing houses, seeking comments by 31 July. The Systemic Risk Council considers that the proposed guidance is not fit for purpose as it currently stands, since it does not provide a clear, internationally agreed solution to the problems of […]
Bank Dividends in Peril With Crisis Veterans Warning of Trouble
By Lisa Lee and Shahien Nasiripour — Bloomberg A long-running clash over the ability of Wall Street banks to weather hard times and still pay shareholder dividends is gaining urgency as the number of Covid-19 cases ticks up and economic data remain gloomy. Critics, including a number of government and Federal Reserve veterans of the […]
Statement by the Systemic Risk Council on the Passing of Paul O’Neill
The Systemic Risk Council is deeply saddened by the news of the passing of our colleague, former US Treasury Secretary Paul O’Neill. A founding member of the Council, he was committed to establishing a much more resilient banking system. We mourn his passing, with gratitude that he gave his support to our work.
SRC Statement on Financial System Actions for Covid-19
STATEMENT BY THE SYSTEMIC RISK COUNCIL ADDRESSED TO G20 FINANCE MINISTERS AND GOVERNORS ON MEASURES TO CONTAIN ECONOMIC AND FINANCIAL CRISIS The Systemic Risk Council (SRC) makes the following statement on the response of the financial and economic authorities to the economic elements of the current pandemic health crisis. Unlike 2007/08, this is not a […]