Category Archives: Regulations and regulators

Marshall Auerback: Central Bankers as ‘Dealers of Last Resort’

In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.

How Supreme Court Pick Brett Kavanaugh Could Return US Policy to the Era of Robber Barons

Understanding Supreme Court nominee Brett Kavanaugh’s potential impact on corporate regulation and the climate means looking back all the way to 1890, to the era of Lochner v. New York and the robber barons.

Second Circuit Narrows Reach of Foreign Corrupt Practices Act

Second Circuit last week narrowed the reach of the Foreign Corrupt Practices Act, but will not redirect the DoJ to focus on enforcement of more significant violations that occur closer to home.

UN to Launch Talks on Treaty to Regulate High Seas

Talks kick off in New York on Tuesday to negotiate a UN treaty on the high seas by 2020; this would extend the existing law of the sea framework beyond each nation’s territorial waters.

India: Demonetization Debacle

RBI annual report reaffirms demonetization had little impact on ferreting out black money; BJP majority blocks release of scathing parliamentary standing committee on finance report on the policy’s failure.

White-Collar Criminals Got Off Scot-Free After the 2008 Financial Crisis — and That Helped Fuel President Trump’s Rise

Ten years later, Trump’s rise to power is a consequence of poor governance.

Gaius Publius: Verizon Throttled Firefighters’ Data As Mendocino Wildfire Burned

Verizon shows that extortion is fundamental to its business model.

Brexit: EU Takes Hard-Nosed Stance on Financial Services “Equivalence” Deals

Is the EU playing iron fist in velvet glove on the UK’s Brexit pitch for a financial services equivalence deal?

Could Turkey Trigger the Next Global Financial Crisis?

Why the currency crisis in Turkey is a due in part to the failure to take adequate corrective measures after the global financial crisis.

What Should the EU Do About the Turkish Currency Crisis?

The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?

Richard Murphy: “First, Let’s Kill All the Accountants” – On Accounting’s Systemic Failure

Why taking accounting for granted is a really bad idea.

Ten Years After the Crash, Some Progress, But Much More Remains to be Done

A reading of what has changed since the crash and what problems remain.

Why Elizabeth Warren’s Accountable Capitalism Act Will Be Good for Shareholders

Why shareholders are getting a raw deal out of the misguided corporate fixation on “maximizing shareholder value,” and Elizabeth Warren’s new bill is therefore good for them.

Donald Trump, Gun-Runner for Hire

Not only does America love guns but the Administration really loves gun merchants.

Plastics: Don’t Microwave, or Place in the Dishwasher

American Academy of Pediatrics highlights health concerns for children from plastics, and recommends reducing use of plastics, and not microwaving them or placing them in the dishwasher.