BCLBE's Response to the Global Economic Crisis
BCLBE has responded to the worldwide economic collapse with a project on Capital Market Innovation and Stability that combines academic resources across the UC Berkeley campus with business, professional and policymaking innovators to develop research informed recommendations to protect and enhance capital markets in the U.S. and worldwide. Project outputs have included research into the limits and opportunities to preventing foreclosure of home loans, responses to regulatory recommendations, and community forums in which leading Berkeley professors have informed live and online audiences of the origins and reach of the economic crisis and evaluated the public and private responses to it.
June 2009 Congressional Panel report and Media Comments
The Congressional Oversight Panel has just released its June report "Stress Testing and Shoring Up Bank Capital." To help assess the Treasury’s bank stress tests, the panel engaged BCLBE's Professor Eric Talley and Haas Professor Johan Walden.
Wall Street Journal’s Market Watch: More Stress Tests Urged for Banks
CNBC: TARP Panel Report Gives Lukewarm Review to Stress Tests
Fox Business USA: Banks May Need New 'Stress Tests'
Bear Market Investments: Oversight Panel Says Ongoing Stress Tests Needed
BCLBE Research
Anita K. Krug discusses the Obama Administration's proposals on financial regulatory reform relating to hedge funds and other private funds and proposes considerations that should inform Congress's formulation of policy in "Financial Regulatory Reform and Private Funds."
BCLBE Research Fellow Anita K. Krug discusses possible regulatory responses to the Madoff fraud and considers what additional information might be useful to Congress and regulators in formulating that response.
Anita K. Krug evaluates the impact on private investment funds, and the markets generally, of the proposed Hedge Fund Transparency Act of 2009.
John P. Hunt comments on the, "Securities and Exchange Commission Re - Proposed Rules for Nationally Recognized Statistical Rating Organizations."
Has securitization caused subprime mortgages to go into default because mortgage servicers cannot modify these loans? Read John P. Hunt's analysis in his paper, "What Do Subprime Securitization Contracts Actually Say About Loan Modification?"
John P. Hunt provides a TARP summary in “A Guide to the Financial Bailout Legislation (The Emergency Economic Stabilization Act of 2008)”
Financial Market Turmoil Series
BCLBE co-sponsored a three-part panel series with the UC Berkeley Center on Institutions and Governance (IGS) and the Haas School of Business. Each panel dealt with different aspects of the financial market meltdown, starting with an overview of the mortgage crisis and ending with a look at the international implications to be addressed at the April 2009 meeting of the Group of Twenty (G20).
These programs were webcast and recorded.
Global Financial Market Turmoil, October 2, 2008
Good Bank Bad Bank, February 18, 2009
Global Financial & Economic Crisis: What Should the G20 do? March 18, 2009