Congress is reconsidering the regulatory framework for derivative instruments as it moves to reauthorize the Commodity Futures Trading Commission this year.

Do we love business – or hate it?

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...

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.

The existing regulatory process for medical products frustrates many; a nuanced solution--offering progressive rather than absolute approvals--represents a potentially attractive solution that might also stimulate innovation.

Recently there have been a number of disturbing economic and political developments in Europe that heighten the risk that the Eurozone will experience a spate of sovereign debt defaults within the next six months.

I am deeply moved and honored more than I can say by this award from my esteemed colleagues and friends at AEI, and especially because of its association with the name and memory of Irving Kristol, a man for all seasons. Irving Kristol was my teacher, editor, mentor, patron, and...

Introduction

Five years after the passage of the Sarbanes-Oxley Act, America's corporations are still considering how to deal with newly empowered shareholders. In addition to specific requirements designed to ensure that corporations comport themselves to minimum standards of corporate governance, American businesses are encountering greater and more sophisticated activist shareholders. The...