Financial Regulation

What (If Anything) Can Fix the SEC?

When President Obama nominated former U.S. Attorney Mary Jo White to be the next Chairman of the Securities and Exchange Commission (SEC), the reaction was generally positive. White will be the first prosecutor to head the …

Banking’s Really Bad Day

Four years on from the financial crisis, new banking scandals still seem to break out every few months. But this week has been particularly bad for the industry. There was HSBC’s $1.9 billion settlement with the U.S. Justice Department over laundering money for Latin American drug cartels and helping countries like Iran, Cuba, Sudan,

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