Tag Archives: Financial Regulation

Personnel is Policy: Financial Agency Leadership under the Biden-Harris Administration Six Months After the Inauguration

By | July 12, 2021

In a prior post I discussed potential changes to the leadership of Federal financial regulatory and supervisory agencies as a result of the 2020 Presidential election. This post reviews progress on that front through the first six months of the Biden-Harris Administration.  An updated scorecard is attached to this post for ease of reference.   In general, the Administration… Read More »

The Role of the Board’s Financial Expertise in the IPO Process

By | June 4, 2021

Since the 1970s, the underpricing of IPOs has been a well-observed phenomenon and many issuers see their stock price rising sharply on the first day of trading, which means that the IPO firm could have realized higher proceeds from the offering (“money left on the table”). As a result, venture capitalists and Silicon Valley companies recently expressed their… Read More »

The Government Agenda and the Effects of Regulatory Dispersion

By | May 21, 2021

            The federal government is arguably the most influential actor in the United States economy. Its agenda includes a wide range of activities, such as, rule drafting, enforcement actions, and tariff determinations. These activities are carried out daily by hundreds of agencies. In our new paper, we develop a measure of the entire agenda of the federal… Read More »

Financial Regulatory Suspensions and Debt Provision during the Covid-19 crisis

By | May 3, 2021

Policymakers and regulators have launched financial relief and rescue programs to promote economic recovery and alleviate household suffering during the COVID-19 pandemic. In doing so, prudential regulation for banks has been adjusted and it remains uncertain if such suspensions are temporary or entail longer-term effects. In our paper ‘Debt Expansion as “Relief and Rescue” at the Time of… Read More »