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 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.

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.

An investigation of the long-run response to national differences in taxrates on labor income, payrolls, and consumption.

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 euro is in trouble, and one needn't have looked any further than the regime shakeups of 2011 for proof: both Greece and Italy lost prime ministers over the fury of the economic crisis. How did Europe's debt crisis so bad?

The Shadow Financial Regulatory Committee (SFRC) will discuss the latest Dodd-Frank Act developments, Basel III standards for large institutions, living wills for complex financial institutions, and Securities and Exchange Commission accounting and policy initiatives.