|The National Research Council of the National Academies Examines the Issues of Data and Research Needed to Regulate Systemic Risk|
To inform the ongoing discussions of financial reform plans in the United States Congress and elsewhere, the National Research Council of the National Academies held a workshop on November 3, 2009, in response to a written request from Senator Reed of the Senate Banking Committee. The goal was to identify the major technical challenges to building the capability for monitoring and regulating systemic risk in the financial sector. The workshop is summarized in a recently released workshop report, available from the National Academies Press, Technical Capabilities Necessary for Systemic Risk Regulation: Summary of a Workshop. Among other things, the report addresses the following questions:
Among the conclusions:
We encourage you to download and read the full report.