Prof @ Harvard Law School - teaching, research, writing, consulting & advocacy on domestic & international financial regulation, US cap. markets competitiveness
The Committee on Capital Markets Regulation released a map demonstrating the unprecedented burden and overlapping requirements of the SEC’s regulatory actions under Chair Gensler over the past 14 months. Here it is.
Today, the Committee on Capital Markets Regulation released a report setting forth recommendations for the SEC that address payment for order flow and off-exchange trading in U.S. equity markets. See the report here: https://t.co/Ug78W3tNaU.
Today the Committee on Capital Markets Regulation released a report on what we do - and don't - know about the Treasury market disruption in March 2020: https://t.co/jlpthcEe8O
ICYMI, the replay of our fascinating conversation between @SvonFriedeburg, @Diop_IFC , @rezabaqir@HalScott_HLS Jamie Sprayregen, Rosa Sacre and Ramiro Alfonsín Balza on the critical building blocks for effective corporate debt restructuring, check out the full recording below.
By returning the CARES Act funds, the Fed would thus limit future Secretary Yellen’s (and its own) ability to continue or expand Main Street lending without additional sign-off from Congress, which may not be forthcoming. 4/4
Good @PeterContiBrown overview of where things stand regarding the CARES Act emergency lending facilities, but I’m not as optimistic about the remaining options, especially for lending to Main Street businesses. 1/
If the Fed returns “unused” funds, as Secretary Mnuchin has requested, they cannot be reinvested in the emergency facilities without Congressional approval – it would clearly be a “new investment” by Treasury under the CARES Act. 3/
Today the Program on International Financial Systems released my report on the use and regulation of cloud computing in the financial sector. @gulliver_john@hillelnadler
https://t.co/BvdRthyrvl