Apr 10, 2020 | Banking, Financial Stability, Op-Ed
Originally Appeared in the Wall Street Journal The Federal Reserve has become the first responder for the U.S. economy. Normally, the Fed is concerned with the safety of the financial system. But its fate as an independent central bank may turn on whether it can...
Apr 8, 2020 | Capital Markets, Report
According to the short-termism thesis, public companies in the United States are excessively focused on increasing short-term stock prices and are therefore foregoing valuable long-term investment. We evaluate the evidence to support the short-termism thesis including...
Apr 8, 2020 | Capital Markets, Report
Shares of common stock in corporations represent a bundle of rights: economic rights, such as the rights to receive dividends declared by the corporation, and governance rights, including the right to vote on certain corporate decisions. These rights are typically...
Mar 26, 2020 | Banking, Letter
On March 25, the Committee submitted a comment letter to the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures...
Mar 21, 2020 | Banking, Capital Markets, Financial Stability, Op-Ed
Originally Appeared in the Wall Street Journal The Federal Reserve, Treasury Department and banking regulators deserve congratulations for their bold, necessary actions to provide liquidity to the U.S. financial system amid the coronavirus crisis. But more remains to...
