Blog
Easing the Volcker Rule Would Be Good, Abolishing it Would Be Better
The Volcker Rule vowed to promote safety and soundness in the financial services industry by banning certain kinds of commercial banks trading, but has not…
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Bitcoin Reserve Proposed for Australian Central Bank
The Australian Parliament may soon consider adding Bitcoin to the currency reserve holdings of the Reserve Bank of Australia.
Blog
Volcker Rule Harms Financial Stability and Economic Growth
The Volcker Rule’s definition is rather ambiguous, and gives little clarity as to how both regulators and banks should conduct their business.
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Congressional Leaders Call on Agency Heads to Repudiate Operation Choke Point
Five House committee and subcommittee chairmen today called on the heads of the executive branch agencies most closely connected with Operation Choke Point to repudiate…
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Regulators Mull Changes to ‘Volcker Rule’ on Bank Investments
Given that the Volcker Rule’s future hangs in the balance, it is important to review its short history, perverse effects, and what the best options…
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Congress, Courts Should Stamp Out EPA’s Power of the Purse
Federal judges should give greater thought to what is being asked of them when the government seeks a court order entering a consent decree that…