Washington DC and London, UK – U.S. Commodity Futures Trading Commission (CFTC) Chairman J. Christopher Giancarlo, U.S. Securities and Exchange Commission (SEC) Chairman Jay Clayton, and U.K. Financial Conduct Authority (FCA) Chief Executive Andrew Bai...
Ayelen Banegas and Jessica Goldenring | Since the financial crisis, the markets for Bank Loan (BL) and High Yield Bond (HYB) mutual funds (MFs) have grown significantly, with assets under management increasing from $19 billion and $75 billion to close ...
James A. Kahn and Benjamin S. Kay | We provide new evidence that credit supply shifts contributed to the U.S. subprime mortgage boom and bust. We collect original data on both government and private mortgage insurance premiums from 1999-2016, and docum...
Előd Takáts and Judit Temesvary | We combine a rarely accessed BIS database on bilateral cross-border lending flows with cross-country data on macroprudential regulations. We study the interaction between the monetary policy of major internation...
R. Matthew Darst and Ehraz Refayet | We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where...
The Securities and Exchange Commission took another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.  These and ot...
The Securities and Exchange Commission took another significant step toward establishing the regulatory regime for security-based swap dealers today by adopting a package of rules and rule amendments under Title VII of the Dodd-Frank Act.  These and ot...
The next sessions will be held on Friday 28 June at The Centre (Baglan Community Church), Port Talbot. The morning session will start at 10:30am and afternoon session at 3pm. The sessions will last around 2 hours. Any scheme member, former scheme ...
The FCA found that BOS failed to be open and cooperative and failed to disclose information appropriately to the then regulator, the Financial Services Authority (FSA).Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, sai...
Jurors in Manhattan federal court today returned a verdict in the Securities and Exchange Commission’s favor against a broker who was charged in January 2017 with fraud for excessively trading customer accounts using a trading scheme that generated hef...