Regulatory Ideologues
In Transparency Games, I talk about Wall Street’s Opacity Protection Team. One member of this team is the regulatory ideologue. The regulatory ideologue... Read More
The Courage to Act
Like Tim Geithner’s Stress Test, Ben Bernanke’s upcoming The Courage to Act is a long form defense of the decisions he made and the... Read More
Economists and financial stability
As a result of the recent financial crisis, attention has been focused on the need for financial stability. To address this need,... Read More
Economists, financial markets and theory-induced blindness
In Transparency Games, I get to talk about how economists, both academic and those working for the financial regulators, have theory-induced blindness when... Read More
Dodd-Frank Act used so Federal Reserve becomes national insurance regulator
For those of you who may have missed it, the Federal Reserve is using the Financial Stability Oversight Council portion of the... Read More
Economists and the Queen’s Question
In Transparency Games, I get to discuss how the economics profession reacted to the Queen of England asking why, if everything was so... Read More
Overhauling financial supervisory framework
Paul Volcker spelled out the need for reforming our financial supervisory framework. Talking about the need to reorganize and consolidate the financial... Read More
Regulators worry about how to regulate shadow banking
One of the reasons our financial system is not designed to be dependent on regulators to control systemic risk is the sheer... Read More
Regulatory supervision of financial benchmarks insufficient
Reuters reports EU lawmakers have backed new rules to stop bankers rigging financial market benchmarks. In an effort to boost confidence in... Read More
JPMorgan and asset manager conflicts of interest
Bloomberg reports JPMorgan asset management executives have been questioned by the SEC about their undisclosed policy to steer clients to in-house products.... Read More