In November 2011, the OCC, FRB, FDIC, and SEC issued a530 page joint proposal to implement Section 619 of the Dodd-FrankAct (the "Volcker Rule") to bar banking entities and their affiliatesfrom engaging in short-term proprietary trading. 

The joint statement released by the Defending Defense Coalition details the devastating impact that the upcoming automatic sequestration would have on the U.S. military and the consequent need for the House of Representatives to pass the reconciliation bill in order to defend national security strategy.

The world—not just the United States—felt the pain of the 2008 financial crisis, and governments rushed to change the way the financial industry was regulated. While from Washington, DC, the Shadow Financial Regulatory Committee has been tracking the progress of financial regulation in America, shadow financial committees around the world have been following regional developments.

The financial crisis of 2007-09 cost taxpayers in the United States and Europe the equivalent of some 25 percent of world GDP in guarantees and subsidies tomaintain financial stability. This has prompted a major rethinking by governments, financial regulators and central banks of how financial institutions and markets should be supervised and regulated.

Recent International Monetary Fundproposals to reform the process for restructuring international sovereign debt go both too far and not far enough.

A panel discussion of the topics addressed in the statement(s) of the joint Asian, European, Japanese, Latin American, and U.S. Shadow Financial Regulatory Committees.

More information and complete agenda to follow.

The annual joint meeting of the Shadow Financial Regulatory Committees of the United States, European Union, Japan, Latin America, and Asia—representing twenty-five developed and developing countries—will be held at AEI from November 13 to 15. The topic for discussion this...

This statement is available here as an Adobe PDF.

The Eurozone Crisis: A Roadmap for Urgent and Decisive ActionWhile European leaders have been meeting in Brussels to address the crisis in the eurozone,...