There are now two Americas. A growing, dynamic, and prosperous urban America (including suburbs) that votes almost exclusively Democratic, and a shrinking, poor, rural America that votes Republican. This divide carries significant consequences, from increased polarization to the opioid epidemic, and defies traditional economic logic. Unless something is done soon to turn around the economic… Read More »
Courtesy of Oscar Borgogno* and Giuseppe Colangelo** In our paper ‘Data, Innovation and Transatlantic Competition in Finance: The Case of the Access to Account Rule’, we focus on the EU regulatory effort, enshrined in the Directive 2366/2015 on payment services in the internal market (PSD2), to enact a sector-specific portability regime (the access to account… Read More »
Courtesy of Javier Garcia Gonzalez After the financial crisis of 2007-2008, there was a wave of regulatory changes in the US regarding consumer financial protection that mostly applied to mortgages and student loans. These new regulations granted consumers additional disclosures, banned abusive practices and fought deceptive practices. It was consistent with the narrative that consumers… Read More »
Since the 2008 global financial crisis (GFC) exchange traded funds (ETFs) have experienced remarkable growth.[1] A recent Bloomberg report pegs the worldwide ETF market at over $5.3 trillion (up from $700 billion pre-GFC) with the U.S. accounting for nearly 70 percent of its size.[2] The number of available products has grown exponentially.[3] Product variety seems… Read More »
The below are edited remarks from a speech delivered by Richard C. Hsia at Duke Law on November 29th, 2018. I want you to know what I think about Insurance, and I want to know what you think about Insurance. Most people do not think about Insurance and, if possible, would never think about Insurance.… Read More »