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Chicago Fed risk conference: low rates and slow growth challenge financial industry

Author

Listed:
  • Marshall Eckblad
  • Thomas Jacobs
  • Alexander Perry

Abstract

This Chicago Fed Letter summarizes the presentations and discussions of regulators, academics, risk-management professionals, and business leaders at the conference. These presentations and discussions focused on the close relationship between the quality of a firm?s risk-management capabilities and its performance?and even survival?in times of distress. About four years after the Great Recession, the financial services industry and its business models face a considerable number of risks, including persistently low interest rates, a slow economic recovery, and difficulty rebuilding core earnings. Moreover, the operational risks of financial firms are on the rise, as the number of cyberattacks on their websites and data systems is growing quickly; a strong defense requires capital investment from increasingly scarce resources.

Suggested Citation

  • Marshall Eckblad & Thomas Jacobs & Alexander Perry, 2013. "Chicago Fed risk conference: low rates and slow growth challenge financial industry," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Nov.
    • Handle: RePEc:fip:fedhle:y:2013:i:nov:n:316a
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2013/cflnovember2013_316a.pdf
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    Keywords

    Risk management; Risk;

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