Timely and effective climate action is a precondition for the stability of the global financial system and for long-term, inclusive prosperity. Because the Federal Reserve and other central banks share responsibility with legislative and regulatory authorities and other experts for maintaining...

The growth of the shadow banking system has allowed credit risk to grow outside the purview of traditional bank regulation. Despite lacking relevant information and control over shadow banks, the magnitude of the recent financial crisis required the Federal Reserve to backstop their activities....

Given the recent collapse, merger or conversion to bank holding company status of the major publicly traded investment banks, it appears reasonable to question whether the public corporation is the most suitable form of organization for this industry. This paper integrates some of the existing...