Federal Reserve Bank of Minneapolis and Stern, Gary H. "The Proposals for Reform that are "On the Table"." The Jerome Levy Economics Institute of Bard College, April 5, 1991, https://fraser.stlouisfed.org/title/1002/item/799, accessed on April 4, 2025.

Title: The Proposals for Reform that are "On the Table" : The Jerome Levy Economics Institute of Bard College

Date: April 5, 1991
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image-container-0 The Proposals for Reform that are "On the Table" Remarks by Gary H. Stern President Federal Reserve Bank of Minneapolis April 5, 1991 The Jerome Levy Economics Institute of Bard College The Crisis in Finance Implications for System Performance and Structural Reform
image-container-1 Introduction and Overview* I would like to do two things this afternoon in discussing reform of the banking system or, perhaps more properly, reform of the financial services industry. First, I intend to review the major reform proposals on the table— principally the Treasury proposal but those of Congressmen Gonzalez, Wylie, Barnard, and Senator Riegle as well— and comment critically on some of their key provisions. Then, I will offer a personal "vision” of a set of desirable reforms and of the financial system of the future. Let me admit, right off the bat, that I have a strong, and growing, bias in favor of market based reform. By way of overview, it seems to me that serious proposals for modernizing the financial system contain three broad categories of provisions, differing principally in the emphasis accorded each. Without being terribly rigorous, these categories are: — supervisory and regulatory reform, including changes in deposit *Views are those o f the author and not o f the Federal Reserve System
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Date: April 5, 1991
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