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...
Jul 3, 2017 | Banking, Financial Stability, Op-Ed
By HAL S. SCOTT Originally published by CNBC on July 3, 2017 All 34 of the largest banks in the US passed the Federal Reserve’s latest stress tests. The assumptions about GDP and other criteria in the stress tests were “extreme” and...
May 16, 2017 | Banking, Capital Markets, Financial Stability, Report
The Committee’s Roadmap for Regulatory Reform sets forth priority regulatory actions for the Trump Administration that would promote U.S. economic growth and enhance the stability of the U.S. financial system. We believe that prompt action is necessary because certain...
May 15, 2017 | Banking, Financial Stability, Op-Ed
By HAL S. SCOTT Originally published by The New York Times on May 15, 2017 Somewhere in the United States right now, an entrepreneur is having trouble getting a small-business loan for expansion. The reason? The bank is committed to keeping a large portion of its...
May 12, 2017 | Capital Markets, Op-Ed
By HAL S. SCOTT Originally published by The Financial Times on May 10, 2017 Over the past 10 years the number of initial public offerings in the US, and the total amount of equity raised by them, are way down on historical averages. If these had held there would have...
