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Clearinghouses are systemic nodes in financial markets that handle trillions of dollars’ worth of transactions. Yet, these critical market infrastructures stand on fragile foundations. The Dodd-Frank Wall Street Reform Act of 2010, the sweeping financial reform that followed the 2008 financial...
Persistent link: https://www.econbiz.de/10014361940
innovations. Although justified and necessary, this systems-based strategy discounts the reality that U.S. financial regulation is … reaction to regulation may be explained by who enforces substantive law (the CFTC or the SEC). We provide theoretical … explanations and underscore that, while U.S.-led enforcement is generally viewed as costly, some types of regulation may have the …
Persistent link: https://www.econbiz.de/10014236401
-held, privately-managed investment funds, unregistered and exempt from federal securities regulation. With increasing investor demand …
Persistent link: https://www.econbiz.de/10013001527
As part of the Annual Survey of the American Bar Association, this article surveys the most important federal and state regulatory developments affecting automotive finance over the last year, among them (1) a fair lending consent order among the CFPB, the Department of Justice, and Ally...
Persistent link: https://www.econbiz.de/10013024326
regulation by requiring more than twenty federal agencies to promulgate nearly 400 new rules. Scholars, regulated entities …
Persistent link: https://www.econbiz.de/10013083242
Persistent link: https://www.econbiz.de/10012846860
The Dodd-Frank Act, enacted after the global financial crisis, requires U.S. financial regulators to define and regulate systemically risky firms and activities — a truly Sisyphean task. In this Essay, we identify two paths regulators have taken: a “descriptive approach,” which involves...
Persistent link: https://www.econbiz.de/10013011346
Regulation to regulate the issuance of new rules; a Digital Assets Regulation legally defining Blockchain, Non-Fungible Token …
Persistent link: https://www.econbiz.de/10014349518
The expression “personnel is policy” has become a truism in Washington. Yet our understanding of how the political branches use appointments to project influence into the administrative state is incomplete. This Article leverages data on almost one-thousand commissioners on eleven major...
Persistent link: https://www.econbiz.de/10014107995
The sub-prime mortgage crisis that originated in the United States has triggered a global credit crunch, threatening the solvency of emerging markets that have relied heavily on foreign debt, and resulting in the devaluation of their currencies. Currency market interventions by the central banks...
Persistent link: https://www.econbiz.de/10014184736