‘Shadow Banking’ Focus Of FCIC Hearings This Week

The Financial Crisis Inquiry Commission will be holding hearings on Wednesday and Thursday focusing on “The Shadow Banking System” – the system of bank-like financial institutions and markets “operating outside of the regulatory structure for traditional banking activities.” The sessions will be at the Dirksen Senate Office Building in Washington and will be webcast live at FCIC.gov. 

The Wednesday sessions will feature the following people:
 
Paul Friedman, former Senior Managing Director, Bear Stearns
Samuel Molinaro, Jr., former CFO and COO, Bear Stearns
Warren Spector, former President and Co-COO, Bear Stearns
James E. Cayne, former Chairman and CEO, Bear Stearns
Alan D. Schwartz, former CEO, Bear Stearns
Charles Christopher Cox, former Chairman, SEC
William H. Donaldson, former Chairman, SEC
H. David Kotz, Inspector General, SEC
Erik R. Sirri, former Director Division of Trading & Markets, SEC
 
The Thursday sessions will feature:
 
Henry M. Paulson, Jr., former Treasury Secretary
Timothy F. Geithner, Treasury Secretary
Michael A. Neal, Vice Chairman, GE and Chairman and CEO, GE Capital
Mark S. Barber, Vice President and Deputy Treasurer, GE Capital
Paul A. McCulley, Managing Director, PIMCO
Steven R. Meier, CIO, State Street