Courtesy of Barbara C. Matthews Regulators may be setting their sights on how to regulate Big Tech – as discussed in last month’s FinReg Blog post – but, as central banks and finance ministers prepare to convene in Washington in April for the IMF/World Bank Spring Meetings, the issue poised to generate the most interest… Read More »
In September 2017, the Mexican financial authorities, led by the Ministry of Finance, began drafting the Law to Regulate Financial Technology Institutions (Fintech Law). After several months of discussion, the Mexican congress enacted the Fintech Law in March 2018 by unanimous vote. Along with the Fintech Law, new secondary legislation was enforced, including the General… Read More »
Ten years ago this month marked the bottom of the worst stock market decline the United States has seen since the Great Depression. In the 17 months leading up to March 2009, the value of all U.S. stocks dropped from a peak of $22 trillion to $9 trillion, a staggering loss of wealth. At Duke… Read More »
Courtesy of James E. McNulty Americans have always distrusted monopolies – over a century ago, Teddy Roosevelt gained widespread public approval battling the trusts. Monopolies that continue to exist, like public utilities[1], are subject to stringent regulation on both the price and quality of their services. Mortgage servicing is one monopolistic industry that has avoided… Read More »
Courtesy of Hadar Yoana Jabotinsky & Barak Yarkoni* In our globalized financial markets, the actions of a market participant or regulator in one jurisdiction can have a ripple effect in other jurisdictions, thus making international regulatory cooperation a necessity. International harmonization of financial regulation produces three different kinds of network effects, which we identify and… Read More »
Courtesy of Stefano Lugo Credit ratings assigned by Credit Rating Agencies (CRAs) like Moody’s and Standard & Poor’s have long been relied on by investors and regulators alike. This gives CRAs significant influence over our financial markets. Ratings too severe can lead to a credit crunch, and ratings too generous can lead to a credit… Read More »
