Last summer I contributed a post at Alt-M about the Liquidity Coverage Ratio (LCR), a new regulation that is part of the latest international Basel Accords (Basel III) and that is being imposed on U.S. banks and other financial institutions. As I explained in that post, the…
On June 23, Britain voted by a margin of 52 to 48 percent to leave the European Union (EU). Much ink has already been spilled on the policy implications of that vote and, indeed, its long-run consequences may prove quite profound. When it comes to financial regulation,…
George Selgin’s latest monetary policy primer was a very good explanation of the money multiplier in fractional reserve banking systems. He also suggested that a number of factors may be affecting the current surprisingly low level of the multiplier; a fact that prompted a number of endogenous…
Futures Unbound, this year’s Cato-CMFA Summit on Financial Regulation, took place in Chicago on June 6th. The event consisted of lectures from five speakers; Congressman Blaine Leutkemeyer, CMFA’s Thaya Brook Knight and George Selgin, the Federal Reserve’s Thomas Sullivan, and University of Chicago Law Professor Omri-Ben Shahar….
On Tuesday, John Allison, chair of CMFA’s executive advisory board, former president of Cato, and 20-year CEO of BB&T, testified before the House Financial Services Committee. The hearing was on the recently proposed Financial CHOICE Act, which aims to reform Dodd-Frank. Beyond discussing the potential efficacy of that bill, Allison’s testimony…