Economic analysis in rule making has become a critical issue for the SEC. The D.C. Circuit has rejected two Commission rules in recent years, expressing concern about the level of analysis. The Office of the Inspector General issued a report …

THE SEC’S NEW APPROACH TO ECONOMIC ANALYSIS IN RULE WRITING Read More »

The Committee on Payment and Settlement Systems or CPSS and the Technical Committee of the International Organization of Securities Commissioners or the IOSCO (whose members include the SEC and the CFTC) published the final report of the Principles of Financial …

NEW STANDARDS FOR FINANCIAL MARKET INFRASTRUCTURES Read More »