Featured Articles From Our Most Recent Print Issue
Contemporary financial supervision depends on knowledge about risk. Threats to bank soundness and financial stability abound, but they present themselves in amorphous ways. How should supervisors assess their significance? This Article examines a process being employed by the Federal Reserve (Fed) to assess threats posed by climate change.
In this Article, we propose a new rule for determining the proper forum for insolvency proceedings. Currently, the Model Law on Cross-Border Insolvency (Model Law)—promulgated by the United Nations Commission on International Trade Law (UNCITRAL)—looks to a debtor’s center of main interest (COMI) to determine the proper forum for a foreign main insolvency proceeding. This rule is flawed.
This Article develops two branches of history towards understanding derivatives markets and their regulation. First, using a comprehensive database of derivatives products that the Commodity Futures Trading Commission (CFTC) has authorized, this Article traces stages in the development of derivatives products.
This Article examines how monopoly power warps incentives to innovate within the largest tech companies across history.
Featured Articles From The Online Edition
View AllArtificial intelligence (AI) has begun to significantly impact many sectors of the economy and everyday life. As generative AI models improve at unimaginable rates, AI will become continually integrated into our daily lives. This will undoubtedly involve integrating AI tools into the technology that millions of people use daily, including PCs, phones, digital watches, and televisions—technology that many people cannot live without. Indeed, some companies are already beginning to do so. Seems great, right? Maybe so, but only time will tell how effective the integration of AI into hardware will be.
The touchstone of the Securities and Exchange Commission’s (SEC) new rule on climate-related disclosures, The Enhancement and Standardization of Climate-Related Disclosures for Investors (the “Rule”), is materiality. As Cyndy Posner pointed out, there are over 1,000 references to material or materiality in the Rule. Such an approach must have pleased those commentators who feared the Rule would result in public companies being burdened with providing costly disclosures of non-material information and investors being overwhelmed with information they do not need or want.
When you enter a company’s website, perhaps to buy a product, it is common to receive a pop-up message that asks you to enter your email address to receive promotional materials. The options presented to you in this pop-up may read something akin to “I like to stay informed,” and “I like to be left out.” However, if the website is attempting to make you feel bad about declining to provide your personal information, then you may have experienced a dark pattern.
A recurring joke in the TV series Arrested Development is that a real estate mogul beset by hard financial times refrains to his son, “there’s always money in the [family-owned] banana stand.” Every time he does, the son—who has taken over the family real estate empire—expresses exasperation, as a boardwalk shop selling frozen bananas is obviously no cure for the family’s financial woes. In an act of defiance, the son eventually burns the banana stand down. Enraged, the real estate mogul explains that there was literally $250,000 in cash lining its walls. The stockholder franchise is Delaware’s banana stand.