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July 24, 2012

Corporate Governance
The Dodd-Frank Act

The 2010 Dodd-Frank Act was one of the most significant financial regulatory reform measures since the Great Depression.  In the wake of the financial crisis, it sought to give regulators new tools t…

Chairman of the Federal Reserve Ben Bernanke and Chairman of the President's Economic Recovery Advisory Board Paul Volcker (R) testify before the U.S. House Financial Services Committee on Capitol Hill in Washington on March 17, 2010 (Larry Downing/Courtesy Reuters).

May 2, 2017

Financial Markets
If Congress Dismantles Dodd-Frank, It Should Not Ignore Systemic Cyber Risk

Congressional Republicans want to repeal a big chunk of Dodd-Frank. Although it might kickstart economic growth, it would also increase systemic cyber risk.

Chicago Mercantile Exchange

March 22, 2024

United States
Election 2024: Are Americans Turning Isolationist?

Each Friday, I look at what the presidential contenders are saying about foreign policy. This Week: Much like talk of Mark Twain’s death, claims that Americans are turning their back on the world are…

The sun as viewed disappearing beneath the horizon.

September 22, 2008

Brazil
Proposals for Wall Street

As the graph above indicates, the markets' perception of the risk of failure increased following the bankruptcy of Lehman Brothers. The Wall Street crisis has demonstrated the need for a systematic…

Proposals for Wall Street

April 21, 2021

Japan
Much Ado About Taiwan

When Japanese Prime Minister Yoshihide Suga came to Washington last week to meet with President Joe Biden, there were great expectations that some sort of agreement was to be announced on Taiwan.  Th…

U.S. President Joe Biden speaks as he holds a joint news conference with Japan's Prime Minister Yoshihide Suga in the Rose Garden at the White House in Washington, U.S., April 16, 2021.