Financial regulators believe a stable and sound banking architecture can mitigate shocks to the macroeconomy. Indeed, the credit contagion of 2008 and subsequent calamitous recession proved the need for a robust financial ecosystem. Professionals at the Board of Governors of the Federal Reserve System examine “vulnerabilities” in the current financial environment and their implications for the overall economy. Financial executives will appreciate this valuable report on the health of the US financial sector.
In this summary, you will learn
How regulators assess the current state of the US financial sector,
Why the system is stronger now than it was in 2007 and
What weaknesses may cause concern.
About the Author
The Board of Governors of the Federal Reserve oversees the US Federal Reserve System.