Fight Over Regulation is One Only Wall Street Can Win
The idea regulations and regulatory enforcement will prevent the next financial crisis is a joke. It completely ignores the fact Wall Street’s... Read More
Regulation and Its Enforcement is NEVER a Good Substitute for Transparency
In the 1930s, policymakers had to make a choice. They could redesign the financial system so it was dependent on transparency or... Read More
Continental Illinois & the Great Financial Crisis
Former Fed chair Paul Volcker recently offered up his view that “we are in a hell of a mess in every direction”.... Read More
Disclosure is Today’s Biggest Challenge
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Since the process the SEC uses to set disclosure requirements was captured by Wall Street in the 1990s, issuers have not been... Read More
Exaggerating What Bank Supervision Can Do Creates Systemic Risk
Former NY Fed bank examiner Carmen Segarra has once again shined a bright light on the gap between the narrative and reality... Read More
Bank Troubles: Liquidity or Solvency
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As the Committee to Save the Banks continues its tenth anniversary of the acute phase of the Great Financial Crisis tour, they... Read More
SEC Wants Transparency Label Initiative to Succeed
Even the SEC realizes the process it uses for setting disclosure requirements has been captured by Wall Street. To compensate for Wall... Read More
Disclosure Gaps: Environmental, Social and Governance
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The SEC has been looking for a private market solution like the Transparency Label Initiative to take over its public role of... Read More
Why We Need to Update Financial Reporting
The idea investors need to get together so they can get the information they need to “know what they own” has managed... Read More
ECB Relies on BlackRock to Assess EU Banks
A frequent objection raised by the banks to having to disclose their current exposure details is investors won’t be able to assess... Read More
Can Bank Capital Substitute for Transparency?
Economists at the World Bank looked at the question of “can bank capital substitute for oversight and supervision”. As part of their... Read More
Do Bank Regulators Engage in Accounting Control Fraud?
Did the bank regulators respond to the 2008 acute phase of the Great Financial Crisis by engaging in accounting control fraud? I’ll... Read More
Dodd-Frank Act is Filled with Bad Ideas
You could almost forgive the Obama Administration’s flawed handling of the Great Financial Crisis response if it hadn’t passed the Dodd-Frank Act.... Read More
Is Financial Regulation Fit for Purpose?
In the aftermath of the acute phase of the Great Financial Crisis, there was a rush to regulate the global financial system.... Read More
Saving the Middle Class Rejected in Favor of Saving the Banks
In the preface to Transparency Games, I asked why did the US surrender to Wall Street on September 23, 2008. It has taken... Read More