Creating a Global Systemic Risk Initiative

Our goal is to change the conventional wisdom about how global banks take and manage risks. We will make the Peterson Institute for International Economics the leading organization for research into global financial systemic risk and for policy analysis of how this problem should be measured and tackled. The goal is not to reach a consensus. Rather we aim to generate ideas that are both innovative and useful to realistic thinking about policy. In the long term, the most effective constraint on the financial sector is informed public opinion and at its heart this is an issue of communication and of politics, not of economics or of regulatory technicalities.