About the Initiative
Washington, D.C. - The Capital Markets Task Force, which is part of BPC's Financial Regulatory Reform Initiative, released a new report today that highlights a path forward on the Volcker Rule and the Lincoln Amendment. The report proposes six recommendations to help regulators better implement the Volcker Rule and concludes that a well-crafted Volcker Rule may eliminate the need for the Lincoln Amendment.
Recalling the Crisis
Through the month of September 2008, a series of failures and bailouts, including Lehman Brothers, American International Group, Fannie Mae and Freddie Mac, and the Reserve Primary Fund led to a near collapse of the global financial system, requiring an unprecedented level of public support to stem a full-scale financial panic. On this five year anniversary of the financial crisis, many leaders have reflected on what happened, its impact on the real economy, and how the financial system has or has not changed since then.