Systemic risk : regulatory oversight and recent initiatives to address risk posed by credit default swaps : testimony before the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises /

The U.S. financial system is more prone to systemic risk today because (1) the current U.S. financial regulatory system is not designed to adequately oversee today's large and interconnected financial institutions, (2) not all financial activities and institutions fall under the direct purview...

Full description