The number and severity of natural catastrophes has increased dramatically over the last decade. As a result, there is now a shortage of capacity in the property catastrophe insurance industry in the U.S. This article discusses how insurance derivatives, particularly the Chicago Board of Trade's...

The Committee on Capital Markets Regulation issued an Interim Report (known as the "Paulson Report") near the end of 2006 that concluded that the U.S. "is losing its leading competitive position as compared to stock markets and financial centers abroad." This report was quickly followed by a...

Revolutionary changes, includingthe shrinking of traditional banking and the expansion of trading in foreign securities, have recently rocked financial markets.

A recent Securities and Exchange Commission (SEC) ruling requiring hedge fund advisers to register with the SEC aims to foster conduct and compliance to better protect hedge fund investors. This article focuses on investor protection regulation, considering its goals and likely costs and...