Douglas Elliott is a fellow in Economic Studies at the Brookings Institution. A financial institutions investment banker for two decades, principally at J.P. Morgan, he was the founder and principal researcher for the Center on Federal Financial Institutions, a think tank devoted to the analysis of federal lending and insurance activities. At Brookings, he focuses primarily on financial institutions and markets and their regulation. Elliott has researched financial institutions or worked directly with them as clients in a range of capacities, including as: an equities analyst, a credit analyst, a mergers & acquisitions specialist, a relationship officer, and a specialist in securitizations. His work has encompassed banks, insurers, funds management firms, and other financial institutions. In addition to 14 years at J.P. Morgan, Elliott worked as an investment banker with Sanford Bernstein, Sandler ONeill, and ABN AMRO.
More About Douglas Elliott
It is almost five years since the worst phase of the financial crisis began with the collapse of Lehman Brothers, and the ensuing market panic. We are much safer now, and will be safer still going forward, but this is not the message that the public hears.
There are trade-offs between higher capital and goals such as economic growth.
We should not lose sight of the real economic advantages to having at least a few large U.S. banks that can efficiently provide a full range of services and products globally.
The Economic Studies program at Brookings reviewed and debated the issue of bank size and bank funding. Panelists included FDIC Vice Chairman Thomas Hoenig, banking expert Rodgin Cohen, and Senior Fellow and Director of the Initiative on Business and Public Policy Martin Baily. Douglas Elliott, fellow in Economic Studies, served as moderator.