Category Archives: Regulation

Regulating systemic risk

The Hansen framework I offered in the last post remains a good starting point for thinking about sources of systemic risk, and points to some of the problems regulators face in regulating systemic risk. This is not to say that … Continue reading

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Defining systemic risk

Systemic risk is a big topic these days for obvious reasons – the near collapse of the financial system has had profoundly bad effects on people around the world, and its continued instability is a major source of concern. Finding … Continue reading

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Two questions for Fed Governor Tarullo

Bloomberg this morning included an article on recent comments by Fed Governor Daniel Tarullo on a push by regulators to require banks to fund themselves more appropriately: Federal Reserve Governor Daniel Tarullo is pushing an agenda to regulate banks beyond … Continue reading

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Why we can’t have nice things (like safer commodity markets)

The tension between the obvious need for financial regulatory reform and the reality of the weak tea we have been served is rooted in the politics of the regulatory process. The usual culprit is the most obvious one – aggressive … Continue reading

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Geithner pushing for reform?

According to the Treasury website, one of Geithner’s first acts as chair of the newly created Financial Stability Oversight Council has been to urge the SEC to take up the cause of regulating money market mutual funds once again. The … Continue reading

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The OCC all over again

Law scholar Christopher Peterson (best known for his pioneering work on MERS) was among the first to point out the pattern of federal pre-emption of state-level consumer protection. In a 2005 paper, Peterson examined the behavior of the Office of … Continue reading

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