Ron Rimkus, CFA, talks with Sheila C. Bair about her perspective on the financial crisis and the state of the financial system in 2014. They discuss regulatory gaps that helped enable the crisis, the behavior that led to bad loans, the role of complexity in the crisis and the difficulty of unwinding complex institutions, as well as the state of the "too big to fail" doctrine. Ms. Bair also articulates her view on how the system can be more stable going forward.

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.