Legal News

Schwarcz on Systemic Risk
Systemic Risk, by STEVEN L. SCHWARCZ, Duke University School of Law, was recently posted on SSRN. Here is the abstract: This article is the first major work of legal scholarship on systemic risk, under which the world's financial system can...

Market Power and Merger Simulation in Retail Banking
Posted by D. Daniel Sokol József Molnár (Bank of Finland), provides an analysis on Market Power and Merger Simulation in Retail Banking. ABSTRACT: This paper tests market power in the banking industry...

Future of Bank Regulation: GSE-lites
Two possible directions are possible in banking regulation: a move to universal banking, in which there is no distinction between commercial banking, investment banking, and insurance (much like in Germany) or a return to the stricter divisions of Glass-Steagall...

Oxford Roundtable Working Paper: NAFTA, 9/11, and the Subprime Mortgage Meltdown-A Disastrous Combination from a Human Rights Perspective
My powerpoint and working paper as presented to Oxford Roundtable, Aug. 3-8, 2008. Link to powerpoint: Download OxfordRoundtable.ppt Link to working paper: Download oxford_roundtable_working_paper...

Elizabeth Schiltz Paper on the Supreme Court's Watters Decision
Elizabeth Rose Schiltz's paper Damming Watters: Channeling the Power of Federal Preemption of State Consumer Banking Laws, 35 Florida State University Law Review, is available at http://ssrn...

Code of Banking Practice Review
The Independent Reviewer has published an Issues Paper(pdf) which outlines draft recommendations on changes to the Code of Banking Practice. The recommendations include a recommendation that a general principle of responsible lending be included in the set of guiding principles...

Income Tax Changes for 2007
Get Answers to your Income Tax Questions

Lexus Inc. and Toyota Motor Sales Inc.
allegedly failed to correct problems with the front passenger air bag system in thousands of 2007 Lexus ES350 vehicles.