In this briefing paper, Darrell Duffie provides background on the derivatives markets and their role in the financial crisis. Duffie also evaluates aspects of the main reform proposals before Congr...
In this briefing paper Peter Wallison argues that although the terms “systemic risk,” or “systemic breakdown” can be defined in words, they cannot be used as an effective guide for policy action. ...
In this paper Adam Levitin offers a guide to the issues involved in creating a CFPA. The paper reviews the current state of consumer protection in financial services; describes the criticisms of th...
In this briefing paper, Alice Rivlin argues that we need an agency with specific responsibility for spotting regulatory gaps, perverse incentives, and building market pressures that could pose seri...
In this note, Darryll Hendricks argues that before getting into the issues of the organization of systemic risk regulation that legislators and regulators need to agree on the nature of the problem...
In this note Charles Taylor discusses how U.S. legislators can address the difficult problem of choosing between different ways of dividing up the responsibilities of federal financial regulatory a...