Garry Schinasi: The Challenge of Large, Complex Financial Institutions (3/7)

The video discusses systemic risks in large financial institutions and the need for global solutions. It highlights the challenges faced by policymakers in regulating these institutions and markets, emphasizing the importance of aligning national and global policies. The speaker calls for further reforms, including better resolution regimes and regulation of over-the-counter derivatives, to mitigate systemic risks. The role of sovereignty and the need for international cooperation are also explored.

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