2024 Financial Stability Conference
Published: November 8, 2024
Financial Stability: Emerging Risks in a Time of Interconnectedness and Innovation
November 21–22, 2024
Federal Reserve Bank of Cleveland, Cleveland OH
The Federal Reserve Bank of Cleveland and the Office of Financial Research hosted their twelfth annual financial stability conference. This year’s conference, Financial Stability in Emerging Risks in a Time of Interconnectedness and Innovation, was held at the Federal Reserve Bank of Cleveland. Markets and institutions, increasingly interconnected, are being challenged by the dizzying pace of change in the financial system, accelerating the buildup of risk and threats to solvency. Regulatory adaptations add another layer of complexity to the issue. Increasingly sophisticated algorithms and the rise of generative artificial intelligence may create new vulnerabilities across the system as banks, nonbank financial institutions, and financial markets exploit nascent opportunities. The conference explored how firms and markets can become resilient or even antifragile and how regulators can encourage and shepherd, or at least not derail, needed changes. Virtual attendance was also available.
This year’s keynote speakers were Beth M. Hammack, President and Chief Executive Officer, Federal Reserve Bank of Cleveland; Sandra L. Thompson, Director, Federal Housing Finance Agency; and Andrew Metrick, Janet L. Yellen Professor of Finance and Management and Director of the Yale Program on Financial Stability, Yale School of Management.