Since the beginning of the financial crisis in 2007 euro area banks have raised around € billion of fresh capital and another € billion has been injected by governments. All in all, this amounts to more than 5% of euro area GDP.
Back in 2013, in the wake of the financial crisis and the passage of the DoddFrank Act, the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Conference of State Bank Supervisors (CSBS) created this conference, based on the understanding that research plays a vital role in shaping our nation’s supervisory and regulatory policy.