Credit Risk Transfer Governance
Editor’s Note: The following comes to us from Houman Shadab, Associate Professor of Law at New York Law School and an associate director of its Center on Financial Services Law. In the paper, Credit...
View ArticleProposed Federal Rules Regarding Alternatives to Credit Ratings
Editor’s Note: H. Rodgin Cohen is a partner and senior chairman of Sullivan & Cromwell LLP focusing on acquisition, corporate governance, regulatory and securities law matters. This post is based...
View ArticleThe Anatomy of a Credit Crisis
Editor’s Note: Raghuram Rajan is Professor of Finance at the University of Chicago. How important is the role of credit availability in inflating asset prices? And what are the consequences of past...
View ArticleFair Value Accounting for Financial Instruments
Editor’s Note: The following post comes to us from Elizabeth Blankespoor of the Graduate School of Business at Stanford University; Thomas Linsmeier of the Financial Accounting Standards Board; Kathy...
View ArticleStatement Regarding Joint Rule Reproposal Concerning Credit Risk Retention
Editor's Note: Michael S. Piwowar is a Commissioner at the U.S. Securities and Exchange Commission. This post is based on Commissioner Piwowar’s statement regarding the SEC’s joint rule reproposal...
View ArticleRollover Risk: Ideating a U.S. Debt Default
Editor's Note: The following post comes to us from Steven L. Schwarcz, Stanley A. Star Professor of Law & Business at Duke University School of Law. In Rollover Risk: Ideating a U.S. Debt Default,...
View ArticleThe Economics of Solicited and Unsolicited Credit Ratings
Editor's Note: The following post comes to us from Paolo Fulghieri, Professor of Finance at the University of North Carolina at Chapel Hill; Günter Strobl, Professor of Finance at the Frankfurt School...
View ArticleUnderstanding the Failures of Market Discipline
Editor's Note: The following post comes to us from David Min of University of California, Irvine School of Law. Last week, James Kwak (UConn law professor, co-author of 13 Bankers and White House...
View ArticleBanks, Government Bonds, and Default
Editor's Note: The following post comes to us from Nicola Gennaioli, Professor of Finance at Bocconi University; Alberto Martin, Research Fellow at the International Monetary Fund; and Stefano Rossi of...
View ArticleA Strict Liability Regime for Rating Agencies
Editor's Note: The following paper comes to us from Alessio Pacces and Alessandro Romano, both of the Erasmus School of Law at Erasmus University Rotterdam. In our recent ECGI working paper, A Strict...
View ArticleStatement on Credit Risk Retention
Editor's Note: Mary Jo White is Chair of the U.S. Securities and Exchange Commission. The following post is based on Chair White’s remarks at a recent open meeting of the SEC, available here. The views...
View ArticleTen Key Points from the Final Risk Retention Rule
Editor's Note: The following post comes to us from PricewaterhouseCoopers LLP and is based on a PwC publication by Christopher Merchant, Frank Serravalli, and Daniel Sullivan. This week six federal...
View ArticleA Closer Look at US Credit Risk Retention Rules
Editor's Note: David M. Lynn is a partner and co-chair of the Corporate Finance practice at Morrison & Foerster LLP. The following post is based on a Morrison & Foerster publication by Jerry...
View ArticleA Crisis of Banks as Liquidity Providers
Editor's Note: The following post comes to us from Nada Mora, Senior Economist at the Federal Reserve Bank of Kansas City, and Viral Acharya, Professor of Finance at NYU. In our paper, A Crisis of...
View ArticleCredit Risk Transfer Governance
Editor's Note: The following comes to us from Houman Shadab, Associate Professor of Law at New York Law School and an associate director of its Center on Financial Services Law. In the paper, Credit...
View ArticleProposed Federal Rules Regarding Alternatives to Credit Ratings
Editor's Note: H. Rodgin Cohen is a partner and senior chairman of Sullivan & Cromwell LLP focusing on acquisition, corporate governance, regulatory and securities law matters. This post is based...
View ArticleThe Anatomy of a Credit Crisis
Editor's Note: Raghuram Rajan is Professor of Finance at the University of Chicago. How important is the role of credit availability in inflating asset prices? And what are the consequences of past...
View ArticleFair Value Accounting for Financial Instruments
Editor's Note: The following post comes to us from Elizabeth Blankespoor of the Graduate School of Business at Stanford University; Thomas Linsmeier of the Financial Accounting Standards Board; Kathy...
View ArticleRemarks at ABS Vegas 2016
Posted by Michael S. Piwowar, U.S. Securities & Exchange Commission, on Saturday, March 5, 2016 Editor's Note: Michael S. Piwowar is a Commissioner at the U.S. Securities and Exchange Commission....
View ArticleSingle-Counterparty Credit Limits Rule
Posted by Dan Ryan, PricewaterhouseCoopers LLP, on Monday, March 21, 2016 Editor's Note: Dan Ryan is Leader of the Financial Services Advisory Practice at PricewaterhouseCoopers LLP. This post is based...
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