A Review of Financial Reform with Darrell Duffie

FULL VERSION

Prof Darrell Duffie of the Graduate School of Business (GSB) at Stanford University gives an overview of the impact of financial reforms post-2008 crisis.

Covering:

  • Liquidity in corporate bond markets (0:05​)
  • Market structure versus technology and all-to-all bond trading platforms (2:53​)
  • Is liquidity/maturity transformation a cause for concern to regulators? (5:06​)
  • ETF and Mutual funds liquidity concerns (5:50​)
  • Counter-cyclical capital buffers to safeguard the banking system and provide liquidity during times of crisis (7:35)
  • The Supplementary Leverage Ratio (SLR) pitfalls (10:47​)
  • Alternative to SLR (12:48​)
  • Regulation impact on fixed income market liquidity (17:09​)
  • What happens to 100s of trillions of dollars in swaps referencing when LIBOR and EURIBOR disappear? (18:50)
  • Overview of the impact of post-2008 financial reform on the financial industry (24:31)​

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