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capture iii: authority and prestige
An earlier post referred to the past prestige of the SEC as an example of the kind of regulator that could reduce the incidence of industry capture through its prestige and strong leadership. The SEC...
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extractive industries
First, thanks to Lawrence Baxter for inviting me here. I am a big fan of the new blog and its contributors. Re-energizing the conversation about regulation is an important task. I’ll mainly talk about...
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eleven pens
Last Wednesday, July 21, 2010, eighteen months after taking office, President Barack Obama used eleven pens to sign into law the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In...
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the new financial regulators
The Dodd-Frank Act has placed unprecedented responsibilities on the financial regulators to ensure financial stability and bank safety and to promote consumer protection. Many commentators have been...
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not so fast
Yesterday I noted that the Basel Committee and the Financial Stability Board had issued reports challenging the complaints of bankers that stricter bank capital and liquidity rules and demonstrating...
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regulatory capture: part 1–the fallacy of the capture metaphor
Guest post by Maciej Borowicz. This post will be published in three parts over the next few days. The regulatory capture metaphor – and to the extent it is has been embraced as a theory by critics from...
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regulatory capture: part 2–regulatory capture revisited
Guest post by Maciej Borowicz. Part 1 is here. Notwithstanding the criticism of the use of the regulatory capture metaphor made in the first part of this post, this metaphor is not to be seen as being...
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regulatory capture: part 3–derivatives
Guest post by Maciej Borowicz. This is the final part in a three-part series. Here are Parts 1 and 2. What do the regulators make of that? In the US, October is the month when the SEC and the CFTC...
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regulatory capture symposium at fordham law
The concept of capture is central to any discussion of regulation and its reform. Has a government agency that is set up to protect general interests fallen capture to a specific industry or some other...
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capture in financial (and any) regulation
The idea that regulators can be captured by the industries they regulate, or even by other interest groups, is central to modern regulatory analysis. It is the foundation for the theory of regulatory...
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