SEC begins project “Information Overload”
In Transparency Games, I discuss in detail how SEC Chairwoman Mary Jo White’s highest priority upon taking office was and still is... Read More
Bank living wills not fit for purpose
The US Office of Financial Research released a report in which it concluded bank living wills haven’t ended the market’s perception of... Read More
EU officials slowly concluding transparency needed to revive structured finance
Paul Tang, the EU parliament’s lead on reviving structured finance, released a working document on the EU effort to create a framework... Read More
Dodd-Frank supporters struggle to claim it has had a big impact
In a classic main stream media puff piece, the New Yorker ran an article defending the Dodd-Frank Act and asserting its impact... Read More
EU banking supervision becoming more opaque
In an interesting post on Bruegel.org, the authors examine the trend towards more opacity in EU bank supervision. Why is this trend... Read More
Rewriting central bank role as lender of last resort
In his new book, Mervyn King, the former head of the Bank of England, tries to rewrite the role of central banks... Read More
Complex regulations don’t guarantee financial stability
Since before the financial crisis began, I have been explaining why the global financial system is based on transparency complimented by a... Read More
The “I saved the world” financial crisis myth debunked
Unlike numerous other central bankers or Treasury officials turned writers on the financial crisis, Mervyn King refuses to engage in perpetuating a... Read More
The quarterly disclosure and investment myth
As the SEC launches a review of its minimum corporate disclosure requirements, the Opacity Protection Team has sprung into action. One myth... Read More
Goldman using opacity to screw its clients shows why Transparency Label Initiative needed
To great fanfare, Obama’s Justice Department announced a $5 billion settlement with Goldman Sachs over how it sold mortgage-backed securities in the... Read More
MetLife and why the SIFI designation is a bad idea
As regular readers know, the Dodd-Frank Act is a collection of bad ideas that substitute regulators and complex regulations for transparency and... Read More
Myth: required disclosure means investors can know what they own
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As a result of the SEC calling itself the “investors’ advocate”, a dangerous myth has taken hold in the global financial system.... Read More
Will Transparency Label Initiative’s labels work?
Will the Transparency Label Initiative’s labels make a difference? Yes. Spurred on by its regulators, a large, $200 billion in assets Dutch... Read More
Preserving the independence of the Fed
The 2007 financial crisis revealed the notion of an “independent” Federal Reserve or central bank is a complete myth. At a minimum,... Read More
Varoufakis: choice between the sensible and the toxic
In Transparency Games, I discuss at length the choice policymakers face in responding to a financial crisis. The choice is between the Swedish... Read More