Make Markets Be Markets: Restoring the Integrity of the U.S. Financial System Eighteen months after the most devastating financial crisis since the Great Depression, the U.S financial system remains critically flawed. Reforms enacted to date would not have prevented the events of that time. In fact, some of the actions taken have actually increased the risk of a subsequent crisis. Decision-makers face intense pressure from industry groups; there is virtually no public constituency organized for reform; and the issues involved are highly complex, even for finance experts. For that reason, it is important to offer decision-makers, media professionals, and engaged citizens a concrete - and balanced - vision of reforms that will create an effective, stable financial sector. Make Markets Be Markets: Restoring the Integrity of the U.S. Financial System is the result of months of discussions among the country’s leading financiers, market experts, academics and former regulators. These discussions, which ranged from ‘theory failures’ to ‘regulatory incentives,’ have advised the development of a concrete plan for a financial system that can manage the flow of capital, price risk appropriately, reduce fraud and collusion, protect taxpayers, and provide liquidity without compromising innovation or stability. The purpose of this conference and the accompanying report is to present engaged citizens, policymakers, and members of the media a comprehensive plan for what must be done to fix our broken financial system. Download the Report, and Join the Debate |
