Too-big-to-fail banks? Former Federal Reserve Bank VP brings talk to UNT students

Monday, October 26, 2015 - 15:19

DENTON (UNT), Texas — Harvey Rosenblum, the retired executive vice president of the Federal Reserve Bank of Dallas, will share expertise about preparing for and preventing the next financial disaster through monetary policy and regulatory practices, including reforming banks that are deemed "too big to fail."

The talk, which is free and open to the public, will take place at 3 p.m. Nov. 11 (Wednesday) in Room 106 of the Chemistry Building, which is located at 1508 W. Mulberry St. in Denton.

A nationally recognized expert on U.S. and Texas economics, Rosenblum co-authored a 2013 Wall Street Journal op-ed about the need for shrinking "too-big-to-fail" institutions and the need for additional reform in the financial industry. He co-wrote the piece with Richard W. Fisher, who was president and chief executive officer of the Federal Reserve Bank of Dallas until retiring this past March. The pair argued that "without fear of failure, these banks and their counterparties can take excessive risks."

Since retiring, Rosenblum has continued to be an advocate for change and regularly gives talks on economic outlook, monetary policy and banking and financial regulatory policies. His current research into these topics, as well as inflation and the growing impact of globalization in the U.S., has been in the Journal of Finance, the New York Times and the Handbook of Banking Strategy.

Rosenblum began his career with the Federal Reserve Bank of Chicago as an economist in 1970 and became its vice president and associate director of research in 1983. Two years later, he joined the Dallas location as its senior vice president and director of research, a role which he held until his retirement. In 2005, he advanced from senior vice president to become the executive vice president for the Dallas Fed. After 43 years of service to the Federal Reserve, he retired in October of 2013.

The event is hosted by the UNT Economics Club and Susan Dadres, the club's faculty advisor.

UNT News Service
(940) 565-2108