Podcast
Bank Notes
Hosted by Federal Reserve Bank of New York · EN
Bank Notes takes listeners deeper into insights and analysis from the New York Fed, told series by series.
13episodes
Episodes
Newest firstAll episodes
Institutional Investors on Multifamily Affordable Housing
Nov 700:51:48Tap to summarizeAppearing at a September 2025 New York Fed conference, a panel of institutional investors discuss recent market developments in multifamily affordable housing, highlighting their organizations' trends and strategies. Topics include investment strategies, mission-driven investments, and stability and predictability goals for the investments. Speakers discuss the need for better financial and impact reporting, the importance of local zoning and partnerships, and the role of federal policies in supporting affordable housing. For more information, visit nyfed.org/podcast.
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Investment Managers on Multifamily Affordable Housing
Nov 600:49:20Tap to summarizeAppearing at a September 2025 New York Fed conference, a panel of investment managers discuss institutional investment in multifamily affordable housing. Topics include the challenges of capital flows, preservation, and impact investing. The discussion also covers the importance of community integration, mixed-income housing, and the balance between financial returns and social impact. For more information, visit nyfed.org/podcast.
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What's Happening in Multifamily Affordable Housing?
Nov 500:41:21Tap to summarizeJonathan Kivell and Carmi Recto from the New York Fed's Community Development team discuss the evolving role of private capital in multifamily affordable housing, drawing from a report their team released earlier this year. They highlight the importance of tenant services and the impact of institutional investments on affordability. The discussion also touches on global investments in US affordable housing and the challenges of defining affordability. For more information, visit nyfed.org/podcast.
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The Making Missing Markets Initiative
Jun 600:15:06Tap to summarizeThe work of Community Development Financial Institutions intersects with an initiative led by the New York Fed's Community Development team to connect new sources of capital to community needs. In this episode, we hear from New York Fed President John Williams, Community Development leaders, and lenders, investors, and nonprofit leaders on the question: How can seemingly unrelated problem-solving efforts be combined to achieve better outcomes? For more, visit newyorkfed.org/podcast/cdfis-serving-the-underserved-and-making-missing-markets
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Who are CDFIs? (Neighbors Helping Neighbors)
Jun 600:19:03Tap to summarizeCommunity Development Financial Institutions can grow out of the communities they serve; a financial version of neighbors helping neighbors. In local and national CDFIs, a sense of personal commitment and connection drives professionals to this work. In this episode, we hear from researchers, borrowers, and lenders about how mission-driven lending, financial inclusion, and technical assistance can transform lives and foster opportunity within historically underserved communities. For more, visit newyorkfed.org/podcast/cdfis-serving-the-underserved-and-making-missing-markets
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What are CDFIs? (Financial First Responders)
Jun 600:24:18Tap to summarizeA small subset of the U.S. financial system called Community Development Financial Institutions, or CDFIs, supports economic growth at the local level. The industry is comprised of different types of institutions operating in different ways. Each works to achieve a common mission: improving economic outcomes for underserved communities. Research from the New York Fed shows the industry is growing and changing. In this episode we hear from Federal Reserve Governor Lisa Cook, the New York Fed team doing CDFI research, a researcher from the Federal Reserve Bank of Richmond, and CDFI leaders. Our guests speak about the impacts and challenges of mission-driven lending and opportunities to scale this work. For more, visit newyorkfed.org/podcast/cdfis-serving-the-underserved-and-making-missing-markets
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Taking Stock: Reflections and Insights on Culture in Financial Services
Oct 22, 202400:43:32Tap to summarizeIn this episode, series host Toni Dechario is joined by her Culture initiative colleague Tom Noone. Together, they reflect on how approaches to culture and governance in financial services have shifted over the last decade and highlight key moments from the 2024 annual New York Fed culture conference. To learn more about the New York Fed's Governance and Culture Reform Initiative, visit the website for additional resources related to the study of conduct and culture in the financial services industry.
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What Makes a Banker? Cultivating Accountability through Shared Identity
Oct 22, 202400:43:23Tap to summarizeJoe McGrath and Ciaran Walker, co-authors of the New Accountability in Financial Services, offer recommendations for promoting accountability through professionalization and the adoption of shared industry norms. In this episode they discuss the role of shared professional identities, moral anchors, and other mechanisms organizations can use to foster individual and group-based accountability. To learn more about the New York Fed's Governance and Culture Reform Initiative, visit the website for additional resources related to the study of conduct and culture in the financial services industry.
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The Fraudster, the Whistleblower, and the Bystander
Oct 22, 202400:47:21Tap to summarizeForensic accounting professor and fraud detective Kelly Richmond Pope describes why and how fraud occurs. In this episode she highlights the importance of clear incentives and discusses her interactive online games designed to help users understand the drivers of fraud and whistleblowing. To learn more about the New York Fed's Governance and Culture Reform Initiative, visit the website for additional resources related to the study of conduct and culture in the financial services industry.
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Culture, Compliance, and Lessons Learned from FIFA
Oct 22, 202400:45:43Tap to summarizeFormer prosecutor for the Eastern District of New York Evan Norris discusses the FIFA corruption scandal and why his past cases carry lessons for the financial services industry. In this episode he discusses building cultures of strong compliance, and how misconduct can be harnessed as an opportunity for broad-based learning and meaningful improvement. To learn more about the New York Fed's Governance and Culture Reform Initiative, visit the website for additional resources related to the study of conduct and culture in the financial services industry.
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