American Enterprise Institute economist Peter Wallison explains why the recent JP Morgan losses are proof that the Volcker Rule is unworkable and should be abandoned.

The $2 billion loss at JPMorgan Chase (JPM) has reopened debate on the Volcker rule. The proponents of the rule have seized on the story as proof that the Volcker rule is necessary and should be quickly put into effect by regulation. In reality, however, if the facts are as thus far reported, what happened at JPMorgan is proof that the Volcker rule is unworkable and should be repealed. 

In the case of both England and Australia, the reform law requires the new agency to furnish information derived from its supervisory and examination activities to the central bank.

This is the second in a series of conferences to explore the regulation of mutual funds. Mutual funds are only one form of collective investment vehicle regulated at the federal level. Other categories include bank common trust funds and collective investment funds, both of which are exempt from the...

We need fewer regulators, not more.

It isn’t easy to attract 2,000 people to a conference on women’s rights. But Tina Brown, editor-in-chief of Newsweek and the Daily Beast, carried it off. On March 8, she filled an auditorium at Lincoln Center in New York City with mostly high-powered professional women and kept them enthralled for three days.

What powers should belong to the Federal Reserve?

The Fed's role in banking regulation, orfinancial regulation, is not well understood.