In a Wall Street Journal Op-ed, President Obama vows to order a regulatory review to eliminate counterproductive regulation and thereby promote growth for business.
Amity Shlaes says that President Obama's pocket veto of the Interstate Recognition of Notarizations Act is part of a modern bipartisan trend toward a lack of respect for contracts.
Alison Vekshin and Phil Mattingly offer a look at the recent provisions agreed on by U.S. lawmakers in the sweeping reform of Wall Street's rules.
Tom Braithwaite and Francesco Guerrera compare the efforts to regulate the financial industry following the Great Depression to those underway today.
Chairman of the Economic Recovery Advisory Board Paul Volcker argues that, in order to minimize the risks of financial institutions' moral hazard, banks must be "free to fail" and prohibited from proprietary trading, running hedge funds, and engaging in potentially risky activities.
Simon Johnson, former chief economist at the International Monetary Fund and current Ronald A. Kurtz professor of entrepreneurship at MIT, suggests that Obama's supposedly "centrist" approach to financial reform is actually quite conservative, while real reform is being driven from the center by Gary Gensler, Mary shapiro, and Elizabeth Warren.
Congressional wrangling over financial reform and the SEC's fraud case against Goldman Sachs could impact SEC powers and encourage stronger derivatives regulation.
Financial regulation must be the task of individual governments and not multilateral committees.
The IMF's proposals to tax the banks will be popular, but are incomplete.
Runs by prime-brokerage clients and derivatives counterparties were a central cause of the global financial crisis. These runs precipitated the failures of Bear Stearns and Lehman Brothers by substantially reducing the broker's liquidity. This Working Paper, the ninth in the Squam Lake series distributed by the Greenberg Center for Geoeconomic Studies, argues for higher regulatory liquidity requirements for dealer banks that use assets of clients and counterparties as a source of liquidity.
Congress' call for a new federal agency to oversee insurers still relies too heavily on ill-equipped state regulators to stem risks posed by bond insurers, traders, and reinsurers, writes CFR's Marc Levinson.
The C. Peter McColough Series on International Economics is presented by the Corporate Program and the Maurice R. Greenberg Center for Geoeconomic Studies.
CFR's Roger Kubarych says despite the gains of foreign stock exchanges, the New York Stock Exchange should remain competitive globally, even in a tougher U.S. regulatory climate.
This meeting is part of the CEO Speaker Series. This series provides a forum for leading global CEOs to share their priorities and insights before a high-level audience of CFR members. The series aims to educate the CFR membership on the private sector's important role in the policy debate by engaging the global business community's top leadership. Members benefit from hearing CEOs' perspectives as well as interacting with them in an informal setting; in turn, CEOs have the opportunity to highlight the work of their organization and strengthen their relationship with CFR.
CFR's Marc Levinson says further international coordination on financial regulation may do more harm than good and expresses doubts about federal restrictions on executive pay.
Watch Alan Greenspan, president of Greenspan Associates LLC and former chairman of the Federal Reserve Board, outline the causes of the financial crisis and what the outcomes have been, including large fiscal deficits and new financial reforms.
Listen to Alan Greenspan, president of Greenspan Associates LLC and former chairman of the Federal Reserve Board, outline the causes of the financial crisis and what the outcomes have been, including large fiscal deficits and new financial reforms.
Amity Shlaes examines the Corporate and Financial Institution Compensation Fairness Act.
To ensure the success of Myanmar's historic democratic transition, the United States should revise its outdated and counterproductive sanctions policy.
Blackwill and Campbell analyze the rise of Chinese President Xi Jinping and call for a new American grand strategy for Asia.
Williams argues that greater U.S. involvement is necessary to enhance the quality and success of peacekeeping missions.
Kurlantzick offers the sharpest analysis yet of what state capitalism’s emergence means for democratic politics around the world. More
In a cogent analysis of why the United States is losing ground as a world power, Blackwill and Harris explore the statecraft of geoeconomics. More
Takeyh and Simon reframe the legacy of U.S. involvement in the Arab world from 1945 to 1991 and shed new light on the makings of the contemporary Middle East. More
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass.
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