CHICAGO – You would think that 600,000 comments on a petition would be sufficient to bring an issue to the top of the US Securities and Exch…
WASHINGTON, DC – There are two competing narratives about recent financial-reform efforts and the dangers that very large banks now pose aro…
HONG KONG – The proliferation of China’s opaque, loosely regulated (or unregulated) shadow-banking system has been raising fears of possible…
WASHINGTON, DC – For three decades, financial globalization had seemed inevitable. New information technologies made it possible to conduct …
NEW DELHI – Public discourse is rarely nuanced. The public’s attention span is short, and subtleties tend to confuse. Better to take a clear…
WASHINGTON, DC – Financial reform in the United States and worldwide hangs in the balance. The problems that brought us the terrible crisis …
PARIS – In the early phases of the financial crisis, it was fashionable to argue that the United States’ system of regulation needed a funda…
CHICAGO – Hardly a day goes by without a settlement between a bank and a US government agency or regulator. The latest one is between Bank o…
MANILA – Eighty years ago this month, Ferdinand Pecora, the cigar-chomping former assistant district attorney for New York City, was appoint…
LONDON – When Mark Carney replaces Mervyn King as Governor of the Bank of England in July 2013, the world will be deprived of King’s witty p…