American politics, culture, and lawis more receptive to a regulatory regime that operates on rules rather than principles.

Cost-benefit analysis of regulatory change may provide insights that could enhance the efficiency of our markets and strengthen investor protection at the same time.

A discussion of recent issues that have emerged in the areas of banking, mutual funds, and regulatory and accounting regimes.

"Principles-based" regulation will face challenges in the United States from American culture, the plaintiffs bar, converging accounting standards, and a legitimate case for "rules-based" regulation.

The spread of Europe's precautionary principle could wreak havoc on economies, public health, and plain old common sense.

The Treasury Department's call for financial services regulation reform will resound into the future as American competitiveness is challenged.

The global crisis has significantly weakened both the traditional allies of the United States and those nations with whom there has been disagreement.

Did therecent accounting scandalsoccur in spite of the rules, or did the project of expanding rules contribute to the problems?