High and volatile rates and uncertainty of future inflation can, of course, have an important impact on the investment policies of the insurance industry. Large portions of assets are accounted for by bonds and mortgages. Fixed income securities are typically very sensitive to interest rate....

Purpose – The purpose of this paper is to examine the legislative process, in order to determine the likely effectiveness of financial reform efforts in the USA. Design/methodology/approach – Case study of the legislative process, particularly the less visible parts such as rule making, that...