A panel of economic and financial experts will discuss the ramifications of living in the wake of the great credit bubble of the twenty-first century.

Since 1999, the Basel Committee on Banking Supervision, which consists of the bank supervisors of almost all developed countries, has been struggling to adopt a new capital adequacy framework for commercial banks. The Basel Committee’s bank capital proposal, known as Basel II, has been amended several times and still has...

At this AEI event, Mark C. Brickell and R. Christopher Whalen will outline opposing views of credit default swaps.

Jefferson County, Alabama, may become the largest municipal bankruptcy in history. According to one of our panelists, “Jefferson County has to declare bankruptcy. The county needs protection from creditors, from bankers, from politicians--and from itself.” Having issued $3.2 billion in adjustable-rate sewer bonds, Jefferson County--in an attempt to hedge its...

Alex J. Pollock was interviewed by Institutional Risk Analytics to discuss his ideas for abolishing the Financial Accounting Standards Board and the need for meaningful financial reform legislation.

The collapse of the market for subprime mortgage-backed securities (MBS) and other complex derivative securities created a panic among the global investors and short-term lenders who finance such assets, resulting in large losses for investment funds and banks around the world. Critics claim that the major rating agencies failed to...