It’s depressing to watch, but it is missing the point that the Volcker rule would not have prevented the loss and is probably unworkable.

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.

Secretary Geithner argued that we have forgotten the reasons that the Dodd-Frank Act was necessary, and that's why the act has become so controversial. What the secretary seems to have missed is that we have learned a lot in the intervening years. The administration's rush to judgment on the financial crisis is a case study in why it would have been worthwhile to wait for the facts.

Bank of America is the latest victim of the conceptual incoherence and labyrinthine demands of FAS 133, the U.S. accounting standard for derivatives.

Experts critique disaster aid, mainly in the form of the Supplemental Revenue Assistance (SURE) program, which costs over $2 billion annually and makes payments to farmers who do not suffer disasters.

The trading of derivatives perform a valuable economic function in facilitating the efficient allocation of financial risks, and thereby improve the performance of the economy.

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

The Shadow Financial Regulatory Committee (SFRC) is a group of publicly recognized independent experts on the financial services industry--including banking, insurance, and securities--who meet regularly to study and critique regulatory policies affecting this sector of the economy.