Jul 27, 2011 | Banking, Capital Markets, Financial Stability, Statement
WASHINGTON, DC, July 27, 2011—Last week the U.S. Court of Appeals for the D.C. Circuit struck down the SEC’s recent proxy access rule. This decision is the latest in a string of defeats for the SEC based upon the failure adequately to consider its rules’ effects upon...
Jul 22, 2011 | Banking, Capital Markets, Financial Stability, Letter
Access the PDF here. Re: Credit Risk Retention, 76 Fed. Reg. 24,090 [OCC Docket No. OCC-2011-0002, RIN 1557-AD40; Federal Reserve Docket No. R-1411, RIN 7100-AD-70; FDIC RIN 3064-AD74; FHFA RIN 2590-AA43; SEC File Number S7-14-11, RIN 3235-AK96; HUD FR-5504-P-01, RIN...
Jul 21, 2011 | Banking, Capital Markets, Congressional Testimony, Financial Stability
CAMBRIDGE, MA, July 21, 2011 Professor Hal S. Scott submitted testimony to the U.S. Senate Committee on Banking, Housing, and Urban Affairs regarding progress in implementation of the Dodd-Frank Act. Professor Scott’s full testimony is available...
Jul 19, 2011 | Banking, Capital Markets, Financial Stability, Op-Ed
Financial Times By Hal S. Scott America’s Dodd-Frank act is one year old on Thursday. The act made some useful corrections in the regulation of American financial markets, but it has failed to respond effectively to the root causes of the financial crisis and its...
Jul 11, 2011 | Banking, Capital Markets, Financial Stability, Letter
Access the PDF here. Re: Margin and Capital Requirements for Covered Swap Entities, 76 Fed. Reg. 27,564 (OCC Docket ID OCC-2011-0008, OCC RIN 1557-AD43, Fed Docket No. R-1415, Fed RIN 7100 AD 74, FDIC RIN 3064-AD79, FCA RIN 3052-AC69, FHFA RIN 2590-AA45); Margin...
