"Enhancing Prudential Standards in Financial Regulations," cohosted by the Federal Reserve Bank of Philadelphia, the Wharton Financial Institutions Center, and the Journal of Financial Services Research. Philadelphia, PA. President Plosser explores simplicity in regulatory rules, transparency in...

The 2008 financial crisis revealed some basic flaws in our financial system and in our financial regulatory framework. Specifically, the crisis demonstrated that the failure or the material financial distress of some of our largest, most complex firms could pose a threat to the financial...