Financial Regulation | Testimony & Comments

Financial Market Utilities

Hester Peirce | May 06, 2013
The proposed rules would implement sections 806(a) and (c) of Dodd-Frank, which allow the Board to authorize Reserve Banks to establish and maintain accounts for, provide certain services to,[1] and pay interest on balances maintained by or on behalf of financial market utilities (FMUs) that are designated by the Financial Stability Oversight Council (FSOC) as systemically important or likely to become systemically important.

Measuring the Costs and Benefits of New Rules

Testimony Before the House Committee on Oversight and Government Reform
J. W. Verret | Apr 17, 2012
After a careful review of the legislative requirements that the SEC consider investor protection, efficiency, competition and capital formation in adopting new rules, I would like to simply offer a list of six items that would demonstrate a sincere commitment by the SEC to fulfill its statutory mission. The first five I will list are in fact required by law if one carefully reads the legislative and judicial history of the SEC’s mandate to consider the economic impact of new rules.

Fixing the Watchdog: Legislative Proposals to Improve And Enhance the Securities and Exchange Commission

Testimony Before the House Committee on Financial Services
J. W. Verret | Sep 15, 2011
J.W. Verret testified before the House Committee on Financial Services about proposals to improve the Securities and Exchange Commission (SEC).

Who's Watching the Watchmen?

Testimony before the House Committee on Oversight and Government Relations, Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
Todd Zywicki | May 24, 2011
Todd Zywicki testified before the House Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs.

The Need for National Mortgage Servicing Standards

Testimony Before the Senate Committee on Banking, Housing and Urban Affairs, Subcommittee on Housing, Transportation and Community Development
Anthony B. Sanders | May 12, 2011
Anthony Sanders testified before the Senate Subcommittee on Housing, Transportation and Community Development…

Public Interest Comment on Investment Advice

Participants and Beneficiaries
Jerry Ellig, Christina Forsberg | May 06, 2010
The Labor Department’s Employee Benefits Security Administration seeks comment on a proposal that would allow fiduciaries that provide individual retirement savings plans (such as 401(k)s and IRAs)

Vices and Virtues of Limiting Executive Compensation

Testimony Before the House Committee on Oversight and Government Reform
Russell Roberts | Oct 28, 2009

In this testimony, Professor Russell Roberts explains that the problem with executive compensation is that executives have not been subject to the profit and loss cosequences of the free-market system. Profits encourage risk-taking, and the losses encourage prudence. If the…

Banking Industry Perspectives on the Obama Administration’s Financial Regulatory Reform Proposals

Testimony Before the United States House of Representatives Committee on Financial Services
Todd Zywicki | Jul 15, 2009
Todd Zywicki's remarks before the House Financial Services Committee primarily address the Obama Administration's proposal to create a new Consumer Financial Protection Agency (CFPA), which would…

The Legitimacy of Political Intelligence Trading and the Threat of Insider Trading by the Treasury Department

Testimony Before the House Committee on Financial Services Subcommittee on Oversight and Investigations
J. W. Verret | Jul 13, 2009
In this testimony, J.W. Verret addresses some of the risks posed by the Stop Trading on Congressional Knowledge Act, which would include in the definition of insider trading any trades based on…

Proposed Mortgage Modifications in Bankruptcy Code

Todd Zywicki | Jan 22, 2009
Todd J. Zywicki, Professor of Law at George Mason University and a Senior Scholar at the Mercatus Center at George Mason University, submitted for the record, written testimony on the possible…