News Topic: regulation-reform

From the CFPB to the FSOC to New York's ban on large soda cups, followers of behavioral theory have gone overboard in their rabid enthusiasm for governmental manipulation. ... Read full article

Looking back on last summer provides some perspective. What's worse: a $2 billion nick to one bank's profits, or a massive computational error leading to the unprecedented downgrade of the world's most powerful economic force? ... Read full article

Kevin Mellyn's "Broken Markets" warns that state suppression of market forces could have lasting consequences. Bankers and policymakers should take heed. ... Read full article

Under TAG, the large banks' cost of funds advantage has grown tremendously, despite the promise that it would do the opposite - namely help smaller banks. ... Read full article

Among other things, House lawmakers shouldn't tell Jamie Dimon how awesome he is (he already knows) and shouldn't suggest over-regulation caused the $2 billion-plus loss at the bank. To find out the worst thing they could do, however, read on. ... Read full article

Home Depot told shareholders that interchange price controls would add "$35 million a year" to the company's bottom line. Why should consumers now believe the company has chosen not to keep these newfound gains for itself? ... Read full article

The constant criticism from Congress just makes the rulemaking process longer without adding much to the debate. ... Read full article

We need stronger cross-border regulatory enforcement to spot U.S firms going to London for looser rules. Guess what MF Global, Lehman, AIG and the London Whale have in common. ... Read full article

It's too easy to blame the agency. With a job as complex as the FAA's, but less than a tenth of the staff, the OCC for practical and philosophical reasons relies on banks to manage and monitor risk. ... Read full article

The Basel III capital requirements must be applied consistently across borders. It'll do a lot more to deter reckless risk-taking than micromanaging banks through measures like the Volcker Rule. ... Read full article

In a presidential campaign focused on who destroyed the most jobs and caused the most misery, why would both candidates take time out to praise Jamie? ... Read full article

True markets are transparent, competitive, regulated and fair. None of these adjectives accurately describes the CDS business. ... Read full article

Banks and governments have not been required to account for the way in which, when important firms fall deeper into distress, implicit and explicit taxpayer guarantees absorb much of the markdowns that would otherwise have to occur. ... Read full article

If one or more countries exit the euro, operations and technology departments of global investment managers will be faced with fundamental changes to core processing systems. ... Read full article

The agency's activities have made clear that it believes only one criterion need be met for it to claim jurisdiction: application for Tarp funds. ... Read full article

If ratified by the Fed, the new liquidity ratios could constrain lending, at the worst possible time. A proposed capital buffer is theoretically countercyclical, but needs more work. ... Read full article

The federal appraisal guidelines do not require that an evaluation be prepared by a licensed or certified appraiser. But the appraisal acts in many states do. ... Read full article

Here's a systemic risk bankers and regulators prefer not to discuss: Banks so big they get away with chronically unethical and illegal behavior. ... Read full article