Oct 3, 2017 | Banking, Letter
The Committee submitted a letter to the Federal Reserve (“Fed”) commending the Fed for seeking to clarify supervisory expectations for boards of directors, refocus expectations on boards’ core functions, and distinguish expectations for boards from those of...
Aug 21, 2017 | Capital Markets, Op-Ed
Originally published by the CLS Blue Sky Blog on August 21, 2017 On July 17, SEC Commissioner Michael Piwowar extended an important invitation to U.S. public companies. “For shareholder lawsuits,” Piwowar offered, “companies can come to [the SEC] to ask for relief to...
Aug 11, 2017 | Financial Stability, Report
Purpose – The purpose of this paper is to propose reforms that would establish a credible framework of rules to constrain and guide emergency lending by the Federal Reserve and by fiscal authorities during a future financial crisis. Design/methodology/approach – The...
Aug 1, 2017 | Banking, Financial Stability, Report
This statement by the Committee on Capital Markets Regulation provides important factual details about the Glass-Steagall Act and the Gramm-Leach-Bliley Act (“the GLBA”). The Glass-Steagall Act is a Depression era law that separated certain commercial banks (Federal...
Jul 13, 2017 | Banking, Financial Stability, Op-Ed
By Hal S. Scott Originally published in The Washington Post on July 12, 2017. In recent months, the Trump administration and members of Congress have called for reinstating the Glass-Steagall Act, a Depression-era law that separated commercial banking from investment...
