As we continue here at the CMFA to span the globe to cover the ever increasing growth of ESG (Environmental, Social, and Governance)-related financial regulatory issues, I’m reminded of my favorite part of watching live sports: being part of a crowd. The energy inside the stadium is…
Uncertainty about the application of the securities laws has been an important concern, and a barrier to growth, for many crypto projects. Commissioner Peirce’s safe harbor would go a long way toward addressing that uncertainty.
On Feb. 5, I had the pleasure of addressing the annual conference of the Receivables Management Association International in Las Vegas. Below is a transcript of my speech. ***** Thank you for the opportunity to address you this morning. It has become so easy to borrow in…
Yesterday morning, a Modern Monetary Theorist tweeted part of a 2017 interview he did with Warren Mosler, one of that school's leading proponents and benefactors. As the clip was titled "Against Free Banking: The Liability Side Isn't The Place For Market Discipline," yours truly couldn't resist a…
Last September Kevin Dowd authored a dandy Policy Analysis for us called "Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve." In it Kevin pointed to the dangers inherent in the Federal Reserve's "stress tests," and the mathematical risk models on which those tests are often…