Jan 8, 2021 | Capital Markets, Report
Financial Transaction Taxes: An Assessment of the Empirical Literature* In this report, the Committee on Capital Markets Regulation (the “Committee”) reviews the existing academic and policy research on the projected tax revenue from a hypothetical U.S. Financial...
Dec 30, 2020 | Banking, Capital Markets, Financial Stability, Report
Executive Summary This Report presents a data-based overview and analysis of key U.S. government interventions deployed in response to the COVID-19 pandemic to stabilize financial markets and support the provision of credit to the real economy. We find that the U.S....
Nov 12, 2020 | Banking, Capital Markets, Report
Introduction In June 2018, the staff of the Committee on Capital Markets Regulation (the “Committee”) released a report entitled Rationalizing Enforcement in the U.S. Financial System (the “Enforcement Report”).1 The Enforcement Report comprehensively overviewed and...
Oct 13, 2020 | Banking, Financial Stability, Report
Stress Testing During a Pandemic: Enhancing Transparency & Financial Stability The Committee on Capital Markets Regulation (the “Committee”) strongly supports the use of regulatory stress tests to ensure that banks have sufficient capital to absorb losses under...
Sep 9, 2020 | Banking, Congressional Testimony, Financial Stability
Written testimony of Hal S. Scott, Emeritus Professor, Harvard Law School; President of the Committee on Capital Markets Regulation, before the Committee on Banking, Housing and Urban Affairs, United States Senate. “Thank you, Chairman Crapo, Ranking Member...
