The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry—including banking, insurance and securities—who meet regularly to study and critique regulatory policies affecting this sector of the economy.

The financial crisis of 2007-09 cost taxpayers in the United States and Europe the equivalent of some 25 percent of world GDP in guarantees and subsidies tomaintain financial stability. This has prompted a major rethinking by governments, financial regulators and central banks of how financial institutions and markets should be supervised and regulated.

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

Contrary to President Obama's claims, there is no arms-control crisis with New START, other than what the Obama administration itself has created.

The Office of the Comptroller of the Currency announced a program to permit nationally-chartered banks to have higher lending limits if they are chartered in states where higher limits are permitted.

At this luncheon briefing, the SFRC, a group of independent experts on the financial services industry, issued a statement and answered questions.

This statement is also available here as an Adobe PDF.

Statement No. 253For Information Contact:Charles W. Calomiris212-854-8748Richard J. Herring215-898-5613George G. Kaufman312-915-7075

On November 5, 2007 the four U.S. bank...

At this luncheon press briefing, SFRC members issued statements and answered questions.