The Journal of Regulation & Risk North Asia has just published its issue for the Summer/Autumn 2010. Do not be misled by the title: a sign of these global times is that the issue is full of mutually relevant commentary on issues concerning US, European and international financial regulation and is going to be...
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As we move for a moment beyond the pitched partisan battles surrounding financial, health care, environmental and immigration reform, many are beginning to think more earnestly about the challenge of regulation itself. My own work, along with that of a growing band of others...
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The Obama Administration has been steadily losing its luster in many areas, but perhaps nowhere more so than in the field of financial regulation, where leadership is more urgently needed than anywhere else. Today’s American Banker (proprietary content, unfortunately) carries a story, appropriately entitled...
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Let’s face it. Very few people have a clue how much money gets deducted from their mutual funds and then used to pay sales, marketing and service expenses. These ongoing, “hidden” deductions are above and beyond management fees that also reduce investors’ returns. And...
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Here is Planet Money (including our Duke Law alumna, Barbara Matthews) on what’s going on at Basel. This is more important than most realize because the rules being developed internationally will apply to US banks, and they are about the most important ones there...
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Yesterday I noted that the Basel Committee and the Financial Stability Board had issued reports challenging the complaints of bankers that stricter bank capital and liquidity rules and demonstrating the the proposed rules would make for healthier economic growth. I asked the question whether...
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The next “next thing” in finance is said to be covered bonds. These securities have a long and distinguished pedigree, originating under the rule of King Frederick the Great in order to generate mortgage financing for Prussia’s landed gentry, who had been battered by...
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Many banking leaders have been whining incessantly about how proposed new capital and liquidity requirements will adversely impact GDP and reduce credit. This is an old canard raised by almost every industry when facing new regulation. The logic is about as convincing as arguing...
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