Financial Regulation

Potential Reasons for the Dearth of Prosecutions

Alternative priorities and government ties to the conditions that caused the financial crisis could explain the lack of prosecutions.

The Department of Justice and the Prosecution of Fraud

The DOJ has excused the failure to prosecute high-level individuals for fraud on one or more of three grounds.

Who is to Blame for the Great Recession?

If the Great Recession was caused by fraud, the failure to prosecute those responsible is an egregious failure.

Why Have No High-level Executives Been Prosecuted?

The Regulatory Review features the remarks of Judge Jed S. Rakoff, delivered at the Institute for Law and Economics’s Distinguished Jurist Lecture.

International Approach to Failing Financial Institutions Sought

U.S. and U.K. regulators stress progress on cross-border agreements.

The Growing Application of Cost-Benefit Analysis to Financial Regulation

Cost-benefit analysis assumes an increasingly prominent role in financial rulemaking.

Have Bank Regulators Effectively Responded to the Financial Crisis?

External committee offers recommendations to enhance OCC supervision of financial institutions.

Debt Collection Industry Faces Looming Regulatory Change

Consumer Financial Protection Bureau seek to assert rulemaking powers to oversee debt collectors.

Is Bitcoin Real Money? Regulators Weigh In

Digital currencies encounter an uncertain regulatory landscape as they enter the mainstream.

CFPB Publishes International Money Transfer Compliance Procedures

Agency offers institutions guidance on financial regulation compliance.

Former FDIC Head Offers Prescriptions for Fixing Wall Street

In a lecture at Penn, Sheila Bair offers reforms for U.S. financial system.

Cost-Benefit Analysis: A Tool for Good Governance in Financial Regulation

Effective evaluation helps to guard against regulatory capture.