Lael Brainard: The opportunities and challenges of fintech Speech by Ms Lael Brainard, Member of the Board of Governors of the Federal Reserve System, at the Conference on Financial Innovation at the Board of Governors of the Federal Reserve System, Washington DC, 2 December 2016.
The collapse of the insurance subsidiaries of the CL Financial Group is perhaps the most widely cited example of the systemic importance of these cross-border financial groups. CARTAC has already done some good work in assisting in the drafting of financial sector legislation by bringing a wider international perspective.