There is a growing trend to import another Americanism into the Canadian anti-money laundering strategy: a whistleblower incentive program that would amount to bounty hunting for violations.
The president recently nominated a new permanent director to take over the Consumer Financial Protection Bureau. With the CFPB doing a fraction of the work it did under Obama, what kind of agency will she lead?
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.
Is the financial system headed for another ‘Lehman moment’? Perhaps, but a bailout isn’t the solution. More capital is, something Trump should remember as he rewrites U.S. bank rules.
Oz Shy, Massachusetts Institute of Technology (MIT)
Regulators trying to keep taxpayers from having to foot the bill for the next wave of bank bailouts are placing too much on emphasis on size and missing the ‘bigger’ picture.
The relationship between advocacy organisations based in Western capitals and their marketed constituency of marginalised and disadvantaged African groups is tenuous. What then, is the goal?
Congress tasked the SEC with reducing violence in Congo through Dodd-Frank’s conflict minerals provision. A laudable goal, but the SEC can’t achieve it.
The Dodd-Frank Act is the Obama Administration’s cornerstone financial reform legislation, but even after several years it remains only partially implemented and subject to collective shrugs and head-scratching…
The first thing that strikes you when you re-read the “Declaration” issued in autumn 2011 by the Occupy protesters assembled in Zuccotti Park in downtown Manhattan is how little of it actually relates…
Last month, the US Securities and Exchange Commission (SEC), responsible for regulating capital markets, ruled in favour of laws prohibiting the use of “conflict minerals”. The new regulations have set…
It has been five years since the sub-prime mortgage crisis emerged in the US. This was followed by financial institutions suffering liquidity shortfalls in both US and Europe, and their eventual collapse…
The US capital markets regulator, the Securities and Exchange Commission, has voted in favour of what has widely become known as the “conflict minerals” ruling. Aimed at reducing the illegal trade in resources…
For decades, credit ratings agencies were largely ignored by the masses, but in recent months they have continued to hit the headlines again and again. The big three (Standard & Poor’s, Moody’s and…