The Systemic Risk Council

Menu

Skip to content
  • Home
  • Key Issues
    • Systemically Important Financial Institutions
    • Office of Financial Research (OFR)
    • Money Market Funds
    • Improving Financial Regulation
    • Bank Capital Requirements
  • Recent Actions
    • Erkki Liikanen Joins Systemic Risk Council
    • Darrell Duffie Joins Systemic Risk Council, 23 July 2019
    • Systemic Risk Council Urges Federal Reserve and FDIC Not to Relax Resolution-Planning Requirements for Large US Regional Banks
    • FSOC and non-bank financial companies
    • Systemic Risk Council Urges US Treasury not to Marginalize Financial Stability Oversight Council’s Power to Designate Non-Bank Financial Intermediaries as Systemically Significant
  • Recent Stories
    • Erkki Liikanen Joins Systemic Risk Council
    • Darrell Duffie Joins Systemic Risk Council, 23 July 2019
    • Systemic Risk Council Urges Federal Reserve and FDIC Not to Relax Resolution-Planning Requirements for Large US Regional Banks
    • FSOC and non-bank financial companies
    • Systemic Risk Council Urges US Treasury not to Marginalize Financial Stability Oversight Council’s Power to Designate Non-Bank Financial Intermediaries as Systemically Significant
  • Who We Are
  • Other Resources

Bank Capital Requirements

There is broad agreement that stronger capital requirements will give us a much more resilient financial system and tame risk taking by forcing financial institutions to put more of their own ‘skin in the game’. This will help reduce volatility, sustain growth, and keep employment high. While we applaud recent efforts by US and international […]

Improving Financial Regulation

The Systemic Risk Council is committed to addressing regulatory and structural issues relating to systemic risk in the United States. The goal is to help ensure a financial system in which we can all have confidence.  It is essential that policymakers show leadership through a strong and coordinated rule-writing process that promotes the development of […]

Money Market Funds

Money market funds are used as “cash management” products – often as bank deposit substitutes – that, like deposits, are redeemable on demand.  Unlike deposits, however, they have no capital, no insurance, no access to Federal Reserve liquidity and no legal requirements that their parent companies operate as a “source of strength.”  While the value […]

Office of Financial Research (OFR)

To provide direct support to the FSOC, Congress created the Office of Financial Research (OFR) and instilled in it vital responsibilities for systemic data collection and analysis. The OFR was specifically given responsibility for, among other things, collecting information from agencies represented by the FSOC members, other federal and state regulatory agencies, the Federal Insurance […]

Systemically Important Financial Institutions

To help avoid a repeat of the 2008 financial crisis where risk-taking in the “shadow sector” caused widespread damage to the financial system, the Dodd-Frank Act charges the FSOC with identifying systemically important nonbank financial institutions (SIFIs) for heightened oversight by the Federal Reserve.  In addition, the Act charges the FSOC with making recommendations to the Federal […]

Chair: Sir Paul Tucker

Former Deputy Governor of the Bank of England

Senior Advisor: Jean-Claude Trichet

Former President of the European Central Bank

Senior Advisor: Paul Volcker

Former Federal Reserve Chair

Members:
Sheila Bair

Founding Chair of Systemic Risk Council Former FDIC Chair

Brooksley Born

Former U.S. Commodity Futures Trading Commission Chair

Sharon Bowles

Former Member of European Parliament and Former Chair of the Parliament’s Economic and Monetary Affairs Committee

Bill Bradley

Former U.S. Senator (D-NJ)

William Donaldson

Former U.S. SEC Chair

Darrell Duffie

Dean Witter Distinguished Professor of Finance at Stanford University's Graduate School of Business

Peter R. Fisher

Tuck School of Business at Dartmouth and former Under Secretary at the US Treasury

Jeremy Grantham

Co-founder & Chief Investment Strategist, Grantham Mayo Van Otterloo (GMO)

Richard Herring

The Wharton School, University of Pennsylvania

Simon Johnson

Former Chief Economist, International Monetary Fund

Jan Pieter Krahnen

Chair of Corporate Finance at Goethe-Universität in Frankfurt and Director of the Center for Financial Studies

Sallie Krawcheck

Chair, Ellevate, Former Senior Executive, Citi and Bank of America Wealth Management

Erkki Liikanen

Chairman of the IFRS Foundation Board of Trustees

Lord John McFall

Former Chair, House of Commons Treasury Committee

Ira Millstein

Senior Partner, Weil Gotshal & Manges LLP

Paul O’Neill

Former CEO, Alcoa, Former U.S. Treasury Secretary

John S. Reed

Former Chairman and CEO of Citicorp and Citibank

Kurt N. Schacht, JD, CFA

Managing Director, Standards & Advocacy, CFA Institute

Chester Spatt

Tepper School of Business, Carnegie Mellon University, Former U.S. SEC Chief Economist

Lord Adair Turner

Former Chair of the U.K. Financial Services Authority and Former Chair of the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation

Nout Wellink

Former Head of the Dutch Central Bank and Former Head of the Bank for International Settlements

  • Home
  • Key Issues
  • Recent Stories
  • Recent Actions
  • Who We Are
  • Other Resources
Copyright ©2019 The Systemic Risk Council. All rights reserved.

  • Privacy, Legal and Cookie Policies
  • Contact Us

The System Risk Council