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Financial Protection Bureau Takes Aim at Consumers
The Consumer Financial Protection Bureau (CFPB) just proposed limiting binding-arbitration clauses in credit card contracts and other forms of consumer credit. This does not come…
Blog
FSOC Misunderstands Leverage, Threatens Risk Management
The Financial Stability Oversight Council recently released its “Update on Review of Asset Management Products and Activities,” in which it questions “how certain asset…
Comment
Comments to the SEC on Derivative Regulation
Full Document Available in PDF The SEC proposes this rule “to take an updated and more comprehensive approach to the regulation of funds’…
Blog
New Study Estimates around $70 billion in Financial Regulatory Costs
Complying with regulations is part of the cost of doing business. For bigger businesses that can absorb those costs (or rather, pass them on to…
Blog
Is High-Frequency Trading a Form of Front-Running?
On 60 Minutes, Michael Lewis accused high-frequency traders of front-running. Apparently it’s become necessary to remind critics of high-frequency trading of the definition of “front-running.” Front-running – n. “The…
Blog
Is the Stock Market Really Rigged?
Everyone seems to be jumping into the debate about high-frequency trading, now that Michael Lewis is peddling his new book, Flash Boys. Lewis contends…