The Squam Lake Report

In the fall of 2008, 15 leading economists convened at Squam Lake to develop a long-term plan for financial regulatory reform in response to the global economic crisis. The Squam Lake Report synthesizes their insights, offering a cohesive and nonpartisan strategy to improve financial market regulation and address critical weaknesses in the existing framework. The authors propose measures such as higher capital requirements for large banks and innovative financial instruments to enhance stability and protect taxpayer interests. With their collective expertise, they present urgent recommendations that aim to bolster the economic health for future generations.