Under the Dodd-Frank financial-reform law, large nonbank firms may be declared systemically important because their failure will cause a systemic breakdown. In effect, this amounts to a government statement that these firms are too big to fail.

Ample mutual misunderstanding exists between the United States and China in their economic arguments. There is likely to be an important race between economic and demographic forces that will naturally redress the imbalances and the political imperatives for each country to stand tough and fight.

As an outgrowth of the financial market crisis and the accompanying lack of transparency of derivatives exposures, there is increasing interest in the regulation of derivatives.

The Dodd-Frank Act created a heavy workload for financial regulators. Regulatory agencies are now researching and drafting over one hundred reports mandated under the Act, and writing the specific language to implement the regulatory details of a long agenda of mandated financial reforms. 

Basel III proposes to tinker with the risk weights for assets, particularly emphasizing higher risk weights for assets in the trading book that also embody credit and counterparty risk.

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Statement No. 252For Information Contact:Charles W. Calomiris212-854-8748Richard J. Herring215-898-5613

With the encouragement of the US Treasury three leading participants in the mortgage-backed securitization market--Bank of America, Citibank...

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

We cannot support the majority's conclusions in the FCIC report and have issued a dissenting statement.