During two closed sessions before the luncheon, committee members discussed the latest in financial regulation issues. At a luncheon briefing following these sessions, SFRC members gave several statements and answered questions.

The merits of fixed versus flexible exchange rates and whether the recent shift in U.S. and other official views on exchange rate regimes is appropriate.

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 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.

A principal objective of the International Monetary Fund (IMF) is to promote exchange stability, maintain orderly exchange arrangements among member countries, and avoid competitive exchange depreciations. In today’s world of large global payment imbalances, the importance of attaining these objectives cannot be overestimated.This seminar will discuss the reforms...

In his latest Economic Outlook, AEI economist John Makin warns us of Three Dangerous Myths about Monetary Policy which, if acted upon, could disrupt world markets.

Ireland is the most egregious case of throwing caution to the wind and allowing the rediscount window to be used recklessly. The ECB’s motivation in lending to the periphery with such abandon is not so much to support those member states as to forestall a full-blown banking crisis in Europe’s core countries.

Thinking back to his days as secretary of state, Mr. Shultz is quoted saying: "The world was not ready for a world free of nuclear weapons." It still isn't.