Board of Governors of the Federal Reserve System

market infrastructure can trigger ad hoc and destabilizing market closings...policy in this area is to make markets more resilient to shocks rather

and/or a mandatory subordinated debt requirement--to enhance market discipline...policies designed to harness market forces could complement bank supervision

markets are today and the types of issues market participants and policy...market risk--the "easy" one--the Federal Reserve and other regulators

markets for lower-rated long-term and short-term credits, and--as I'll...market niche and, thus, to reap a considerable reward in earnings. Demand

policy responses. First, I will discuss the potential for increased market...the very things that have eliminated bank runs--create what is called

and, in my view, under these circumstances the Federal Reserve can remove...two-and-a-half years was limited to its slowest pace since the early 1990s

market and consumer debt At America�s Community Bankers Annual Convention...market participants to trade properties as they speculate about the future

policies that govern discount window lending are set forth in the Federal...market value estimate. Haircuts reflect credit risk and, for traded assets

policies that govern discount window lending are set forth in the Federal...and, for traded assets, the historical volatility of the asset�s price

policies that govern discount window lending are set forth in the Federal...and, for traded assets, the historical volatility of the asset�s price