AEI - The Shadow Financial Regulatory Committee

PROJECTS

About The Shadow Financial Regulatory Committee

The Shadow Financial Regulatory Committee is a group of publicly recognized, independent experts on the financial services industry who meet regularly to study and critique regulatory policies affecting this sector of the economy.

SFRC Press Briefing

On Sunday, December 13 and Monday, December 14, members of the Shadow Financial Regulatory Committee (SFRC) met in two closed sessions to discuss, among other things, the proposed audit of the Federal Open Market Committee's deliberations, reforming the primary dealer structure, resolution authority, the government's subsidization of the government-sponsored enterprises, and the regulation of executive compensation.

At the luncheon press briefing that followed these sessions, SFRC members issued five statements and answered questions relating to the topics discussed. Video and audio of the event are available at the event page.

About the Committee

The Shadow Financial Regulatory Committee works to identify and analyze developing trends and ongoing events that promise to affect the efficiency and safe operation of sectors of the financial services industry; explore the spectrum of short- and long-term implications of emerging problems and policy changes; help develop private, regulatory and legislative responses to such problems that promote efficiency and safety and further the public interest; and to assess and respond to proposed and actual public policy initiatives with respect to the impact on the public interest.

Press Briefing

FOMC Audit

Resolution Authority

GSEs

Compensation

Additional Shadow Information

The next Shadow Committee meeting at AEI will be held on Monday, February 22, 2010.

The U.S. Shadow Financial Regulatory Committee (SFRC) meets with Shadow Committees from around the world every one to two years to discuss a theme of common interest and issue a joint policy statement. The most recent Joint Shadow Meeting was in Santiago, Chile from August 15-17, 2009.

People

U.S. Committee Members

George G. Kaufman, Co-Chair
Loyola University Chicago

Richard Herring, Co-Chair
University of Pennsylvania

Ray Ball
University of Chicago

Marshall Blume
University of Pennsylvania

Charles W. Calomiris
AEI

Kenneth W. Dam
University of Chicago School of Law

Robert A. Eisenbeis
Cumberland Advisors

Edward J. Kane
Boston College

Christian Leuz
University of Chicago

Robert E. Litan
Kauffman Foundation

Kenneth Scott
Stanford University

Chester Spatt
Carnegie Mellon University

Peter J. Wallison*
AEI

*Peter Wallison is currently on leave from the Committee while serving on the Financial Crisis Inquiry Commission

Books

Privatizing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks

Why and How

By Peter J. Wallison, Thomas H. Stanton, Bert Ely
AEI Press
(September 2004)

This book argues that privatization of the government-sponsored enterprises is the only viable way to protect the taxpayers and the economy.

Financial Privacy, Consumer Prosperity, and the Public Good

By Peter J. Wallison, Fred H. Cate , Robert E. Litan , Michael Staten
The Brookings Institution
(July 2003)

This report examines the debate surrounding the role of the states in regulating credit bureaus, especially in light of expiring amendments to the Fair Credit Reporting Act.

Serving Two Masters, Yet Out of Control

Fannie Mae and Freddie Mac

Edited By Peter J. Wallison
AEI Press
(July 2001)

Because two disparate clients demand loyalty from Fannie Mae and Freddie Mac, these government-sponsored entities must fulfill two ultimately irreconcilable roles.

» List All Books for The Shadow Financial Regulatory Committee

Events

UPCOMING EVENT

There are no related Upcoming Events scheduled

PAST EVENT

Shadow Financial Regulatory Committee

Monday, December 14, 2009
12:00 PM - 01:30 PM

Shadow Financial Regulatory Committee

Monday, September 14, 2009
12:00 PM - 01:30 PM

Shadow Financial Regulatory Committee

Monday, May 4, 2009
12:00 PM - 01:30 PM

» List All Past Events for The Shadow Financial Regulatory Committee

Publications

The results of the Committee's deliberations, the Shadow Financial Regulatory Committee Statements, are intended to increase the awareness and sensitivity of members of the financial services industry, public policy makers, the communications media and the general public to the importance and implications of current problems, events and policy initiatives affecting the efficiency and safety of the industry and the public interest. To view a list of these documents, please visit our section on Statements.