Kathryn Judge is a professor of law at Columbia Law School and editor of the journal of Financial Regulation. Anil Kashyap is a professor of economics and finance at the University of Chicago and is a member of the Bank of England's financial policy committee. Kate and Anil join David on Macro Musings to discuss their work on the Task Force on Financial Stability that recently released a report on how to improve financial stability in the US. Specifically, they discuss the origins of the Task Force on Financial Stability, the dynamics of the Treasury Market over the past year, why money market funds are still vulnerable despite an evolving set of regulations, the importance of rich and timely data for regulatory bodies and Congress, normalizing a financial stability mandate across regulatory bodies, the outlook of financial stability over the next decade, and much more.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Kate’s Twitter: @ProfKateJudge Kate’s Columbia Law profile: https://www.law.columbia.edu/faculty/kathryn-judge   Anil’s UChicago profile: https://www.chicagobooth.edu/faculty/directory/k/anil-kashyap Anil’s NBER archive: https://www.nber.org/people/anil_kashyap?page=1&perPage=50   Related Links:   Report of the Task Force on Financial Stability: https://www.brookings.edu/research/report-of-the-task-force-on-financial-stability/   *Financial Stability Considerations and Monetary Policy* by Anil K. Kashyap and Caspar Siegert https://www.ijcb.org/journal/ijcb2002_5.htm   *The Impact of Treasury Supply on Financial Sector Lending and Stability* by Arvind Krishnamurthy and Annette Vissing-Jorgensen https://www.sciencedirect.com/science/article/abs/pii/S0304405X15001518   *Reforming the Macroprudential Regulatory Architecture in the US* by Kathryn Judge and Anil Kashyap https://voxeu.org/article/reforming-macroprudential-regulatory-architecture-us   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth