Financial Regulation

Op-Ed

Testing Time for a Young Administration

Author: Roger M. Kubarych
Nikkei

In this Nikkei op-ed, Roger Kubarych analyzes the early challenges facing the Obama administration with regards to the economic crisis. He writes that the ugly stock market response to the Geithner plan will make it all the harder to recapitalize the U.S. financial system without taxpayers footing the bill.

See more in Financial Crises; Financial Regulation; United States

Audio

McKinsey Executive Roundtable Series in International Economics: Beyond Firefighting: Rethinking Financial Market Regulation (Audio)

Speakers: William H. Donaldson, Stephen Friedman, and Ernest Patrikis
Presider: John Gapper

Listen to experts including former Securities and Exchange Commission Chairman William Donaldson discuss what implications the 2008 financial crisis is likely to have for securities regulation.

See more in Global; Financial Markets; Financial Regulation

Op-Ed

Demons on Wall Street

Author: Sebastian Mallaby
Washington Post

One year ago, with spectacular timing, a Wall Streeter named Richard Bookstaber published a book on financial engineering. He called it "A Demon of Our Own Design," and his argument was that a new breed of "quants" had created a system too complex to be manageable. In this Washington Post op-ed, Sebastian Mallaby agrees with Dr. Bookstaber that—in the wake of Bear Stearns—modern financial engineering has become harder to defend.

See more in United States; Corporate Governance; Financial Regulation

Must Read

IMF: What's Driving Investment in China?

Authors: Steven Barnett and Ray Brooks

Investment has grown rapidly in China in recent years, reaching more than 40 percent of GDP. Despite good progress on bank and enterprise reforms, this paper from the IMF argues that weaknesses remain that could contribute to inefficient investment decisions, and that the regulation of state lending to state-owned companies needs to be reformed further if productive investment is to be maintained.

See more in China; Financial Markets; Financial Regulation