Daniel K Tarullo: Financial regulation since the crisis

Speech by Mr Daniel K Tarullo, Member of the Board of Governors of the Federal Reserve System, at the Federal Reserve Bank of Cleveland and Office of Financial Research 2016 Financial Stability Conference, Washington DC, 2 December 2016.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Last summer, when I accepted President Loretta Mester's invitation to speak at this conference, I thought it would be a good occasion to step back and assess where we stand in our post-crisis efforts to promote financial stability in the United States. This morning I will offer such an assessment. I will begin by reviewing what has been accomplished. Then I will suggest how to approach the work that remains - including both tackling continuing vulnerabilities to financial stability and rationalizing the measures that have already been taken.