When: Tuesday, June 6, 2017, 9:30 — 11:00 a.m. EDT
Where: http://brook.gs/2pQPrBd
What:
The recent financial crisis exposed a major gap in the regulatory system: the inability for the government to safely wind down a failing financial firm that was not a commercial bank, such as Lehman Brothers or AIG. The Dodd-Frank law attempted to fix this by empowering regulators with new tools including a new Orderly Liquidation Authority (OLA) under which the Federal Deposit Insurance Corp would liquidate and wind-up a failing institution. Although never used, OLA is controversial. Some congressional Republicans would do away with it, and the Trump administration has undertaken its review.
On June 6, the Center on Regulation and Markets and the Hutchins Center on Fiscal and Monetary Policy at Brookings will bring together four experts—including former Federal Reserve Chairman Ben Bernanke—with differing views on preserving or modifying OLA.
After the session, panelists will take audience questions.
This event will be live webcast. Join the conversation on Twitter at #DoddFrankOLA.