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.
About the Author
The Board of Governors of the Federal Reserve oversees the US Federal Reserve System.