The tax bill passed in 2017 includes a provision creating various benefits for investors that move capital gains into designated low-income census tracts, known as Opportunity Zones, through special investment vehicles known as Opportunity Funds.
At the New York Fed, our mission is to make the U.S. economy stronger and the financial system more stable for all segments of society. We do this by executing monetary policy, providing financial services, supervising banks and conducting research and providing expertise on issues that impact the nation and communities we serve.
Lisa Green Hall, Senior Fellow at the Beeck Center and Case Foundation; Fran Seegull, Executive Director, U.S. Impact Investing Alliance; Chelsea Amelia Cruz, Associate Director, CoDeFi at New York Fed; and Adrian Franco Ph.D., Officer & Director, CoDeFi at New York Fed
The tax bill passed in 2017 includes a provision creating various benefits for investors that move capital gains into designated low-income census tracts, known as Opportunity Zones, through special investment vehicles known as Opportunity Funds.
William C. Dudley, President
This is the final essay in a series leading up to Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders, a conference the New York Fed is hosting on June 18.
Stuart Mackintosh, Executive Director of the Group of Thirty
This essay is being published from the New York Fed by a guest writer as part of Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders. The views of the author are his own and are offered by the New York Fed to contribute to discussions on this topic.
Will Bousquette, Managing Director at Goldman Sachs, and Scott DeRue, Dean of the Ross School of Business at the University of Michigan
This essay is being published from the New York Fed by guest writers as part of Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders. The views of the authors are their own and are offered by the New York Fed to contribute to discussions on this topic.
Sir David Walker, Chairman of Winton Capital Management and Emeritus Member of the Group of Thirty
This essay is being published from the New York Fed by a guest writer as part of Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders. The views of the author are his own and are offered by the New York Fed to contribute to discussions on this topic.
Elizabeth Arzadon, Founder and Managing Director of Kiel Advisory Group and former Special Advisor at the Australian Prudential Regulation Authority
This essay is being published from the New York Fed by a guest writer as part of Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders. The views of the author are her own and are offered by the New York Fed to contribute to discussions on this topic.
Alison Cottrell, CEO, Banking Standards Board
This essay is being published from the New York Fed by a guest writer as part of Reforming Culture and Behavior in the Financial Services Industry: Progress, Challenges, and the Next Generation of Leaders. The views of the author are her own and are offered by the New York Fed to contribute to discussions on this topic.
Kevin Stiroh, EVP and Head of Supervision
When we hosted our first conference on reforming culture and behavior in the financial services industry in 2014, significant dialogue around misconduct risk, culture, and supervision didn’t exist. Now, as we prepare to host our fourth event on the topic on June 18, supervision is an accepted and critical part of the global conversation on cultural reform in finance.
Brian Manning, Media Relations Associate, Communications and Outreach
On June 18, the New York Fed will host its fourth conference focused on reforming culture and behavior in the financial services industry. Speakers and panelists will look at progress to date and the challenges ahead, building on the conversation that started with our first event in 2014.
William C. Dudley, President
Small businesses are critical to the U.S. economy and it’s clear that we must do more to understand their needs and realities. One key factor in the success of small businesses is financing, and that’s where the Small Business Credit Survey (SBCS) comes in. The SBCS is an annual survey of small business owners that focuses on firms with fewer than 500 employees. It’s fielded by all 12 regional banks in the Federal Reserve System and aims to address important information gaps about business capital needs and obstacles.
The Teller Window is a publication featuring expert knowledge and insight from the New York Fed, including thoughts and perspectives from senior leaders. It offers a deep look at issues that matter to the Federal Reserve’s Second District and the nation.
Articles on the Teller Window focus on the people and programs that help the New York Fed support the U.S. economy. They are written for a wide audience with the aim of illustrating what we are doing and why it matters. Stories include editorials, interviews, explainers, and reports on events and trends in our communities and region. The Teller Window is edited by the Communications and Outreach Group on behalf of the New York Fed. Separately, for analysis from New York Fed economists working at the intersection of research and policy, please see Liberty Street Economics.
The New York Fed began publishing on the Teller Window in November 2022. Articles with dates earlier than November 2022 were originally published by the New York Fed on Medium.
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