The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.

Why should the Federal Accounting Standards Boardrequire the expensing of options if it has no idea how it should be done?

It is unlikely that increases in federal employee pension contributions or reductions in pension benefits for future federal retirees would lower total compensation below federal workers’ reservation wage, which represents the minimum pay at which a worker will accept a particular type of job.

Since the 1930s, accountants and bank regulators have recognized the inherent weaknesses of mark-to-market accounting.

For any housing finance reform plan to be credible, it must do much more than wind down the GSEs. Because of the Dodd-Frank Act a number of formidable legal obstacles now exist that must be cleared away before a private securitization market will come back. If the administration is serious, its plan must address all these issues.

Unless pension accounting rules are updated, taxpayers in New Jersey and around the country are in for a shock when the pension bill comes due.

An analysis of why current public sector pension accounting standards understate liabilities and encourage excessive risk-taking

As the Senate votes on the financial regulatory reform bill, AEI scholars are available to comment on the impact of the bill.