News Topic: regulation-reform

Ignoring JPMorgan Chase's chutzpah would be rewarding it. Penalize the bank instead, no matter how important an institution it is. ... Read full article

Dodd-Frank did its part to ensure the 20 federal financial regulatory agencies do right by minorities and women. How are things going so far? Good - but not great. ... Read full article

You can't claim to be a victim of watchdogs and at the same time blame watchdogs for being dumb, inept and disorganized. ... Read full article

U.S. regulators led the world in developing Legal Entity Identifiers. Now that the G20 has embraced the idea, though, we need to get on the same page with other nations. ... Read full article

Firms may abandon prudent risk management practices such as hedging with derivatives to avoid the SIFI designation. Agencies should have to prepare the equivalent of an Environmental Impact Statement before slapping the SIFI stamp on a firm. ... Read full article

Mete out fitting punishments and get it over with. There are much more urgent issues in front of us. ... Read full article

In the United States, outlining a different narrative about what happened in the financial crisis opens one to political attack. ... Read full article

With new entrants from China, fresh capital could be made available to entrepreneurs and business owners who otherwise might fail to find financing. Also, remember the fears in the 1980s that the Japanese were buying up America? ... Read full article

If the government could eliminate contract rights in this way, then it would be hard to imagine what contracts could not be set aside in the name of market efficiency. ... Read full article

"Isn't it true that there has never been a major crisis that resulted from excessive exposures to what was considered risky, and that these have always resulted from excessive exposures to what was perceived as not risky?" ... Read full article

PricewaterhouseCoopers failed to warn shareholders and the public about increased risk at Barclays. The auditor gave the British bank a clean report card on internal controls over financial reporting. We now know those controls were seriously deficient. ... Read full article

There are legitimate reasons to want to wind down Fannie Mae and Freddie Mac. Unfortunately, we haven't stopped talking about the specious ones. ... Read full article

The Office of Financial Research is not yet fully operational. Critics on the Hill want to gut the agency. Its forthcoming annual report presents a chance to win over lawmakers. ... Read full article

For some bankers, doing well by doing bad has become a way of life. If ever there was a time to raise the cost of wrongdoing, Liborgate is it. ... Read full article

Neither the FSOC nor the OFR is up and running well enough to address systemic risk. The Systemic Risk Council, a new private-sector nonprofit group, will likely change that. ... Read full article

Though banks must show they are resolvable, a financial institution can also use its resolution plan to advocate preferred solutions to issues on the horizon. And other lessons from the process so far. ... Read full article

You've probably heard of the Office of Financial Research's database for tracking financial companies like barcodes. It's also tasked with building another system that's equally critical - and a much greater technical challenge. ... Read full article

Much time and energy was spent on a campaign to regulate an optional service consumers could avoid paying for. Meanwhile, mortgage securitization was going gangbusters. Priorities were perhaps misplaced. ... Read full article