Jonathan Gould has criticized post-2008 financial regulations, arguing that efforts to eliminate rather than manage risk have constrained banks’ ability to operate effectively and adopt new technologies

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In the years since 2008, bank regulators have at times tried to eliminate rather than manage risk, frustrating the ability of banks to fulfill their function,” Gould said in prepared remarks for a Senate hearing in March.

This blinkered approach to risk management has implications for the cost and availability of credit, the system’s ability to absorb shocks, and its adoption of new technologies and embrace of innovation.