Despite the various reforms of prudential banking regulation from 1989 to 2002, and the substantial addition of new prudential regulations during that period, there were three key policy errors, all of which had been at the core of the banking disasters of the 1980s, which returned with a...

Financial reform has rebalanced the power of international engagement, reducing the role of the President and his diplomats, and increasing that of Congress and independent agencies. In so doing, the reforms have readjusted a balance that many believe was skewed by the government's response to...

Last decade's financial crisis sparked a flurry of new banking and finance regulation, highlighted by the Dodd–Frank Act and changes to housing finance. There is a growing realization among policy experts that that regulation has largely flopped, doing little to improve the financial system's...