Sep 15, 2016 | Banking, Financial Stability, Report
THE ADMINISTRATIVE PROCEDURE ACT AND FEDERAL RESERVE STRESS TESTS The Administrative Procedure Act of 1946 (the “APA”) imposes a set of uniform procedural requirements on federal agencies, requiring that: (a) agencies provide the public notice of proposed rules and an...
Aug 9, 2016 | Capital Markets, Letter
The Committee on Capital Markets Regulation submitted a comment letter urging the U.S. Securities & Exchange Commission promptly to amend Exchange Act Rule 15c6-1 by shortening the trade settlement cycle for equities, corporate and municipal bonds, unit investment...
Aug 1, 2016 | Uncategorized
CAMBRIDGE, MA, August 1, 2016 U.S. capital market competitiveness remained weak through the second quarter of 2016. “The global competitiveness of U.S. capital markets has continued to decline in the first half of 2016,” said Harvard Law Professor Hal S. Scott,...
Jul 31, 2016 | Financial Stability, Op-Ed
By ROBERT J. SAMUELSON Originally published in the Washington Post on July 31, 2016 The hostility toward Wall Street remains so great that both political parties say, in their platforms, that they’d like to break up America’s biggest banks. But before engaging in this...
Jul 29, 2016 | Capital Markets, Op-Ed
By HAL SCOTT and JOHN GULLIVER Originally published by the San Francisco Chronicle on July 29, 2016 Sen. Elizabeth Warren and best-selling author Michael Lewis have loudly argued that the U.S. stock market is “rigged” and that the Securities and Exchange...
