Found 584 article(s) in category 'Regulation'

GE Capital after the Crisis

GE Capital after the Crisis. John Coates, John Dionne, David S. Scharfstein, April 2017, Case, “Keith Sherin, CEO of GE Capital, faced a decision on which hinged billions of dollars and the fate of one of America’s most storied companies. On his desk sat two secret analyses: Project Beacon, a proposal to spin off most of GE Capital to GE shareholders, and Project Hubble, a proposal to sell off GE Capital in parts. A third document sketched out the implications should GE “stay the course” on its present strategy: a continued, massive build-up of regulatory and compliance personnel to meet GE Capital’s obligations as a “SIFI”—systemically important financial institution—in the wake of the 2010 Dodd-Frank Act.Link

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Getting From Here to There: The Transition Tax Issue

Getting From Here to There: The Transition Tax Issue. Stephen Shay, March 27, 2017, Paper, “If there is fundamental U.S. international income tax reform, regardless of the reform option chosen, the United States must decide how to handle the $2.4 trillion to $2.6 trillion of previously untaxed foreign income accumulated by U.S. multinational corporations. In this report, Fleming, Peroni, and Shay argue that the proper approach is to treat the income as a subpart F inclusion in the year before the effective date of fundamental reform and to tax it at regular rates with an option to make the payments in installments that bear market-rate interest. The authors explain why the case for a low or deferred tax on this income is inferior to the case for full immediate taxation.Link

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Harvard’s Scott Says U.S. Has Latitude on Bank Reforms

Harvard’s Scott Says U.S. Has Latitude on Bank Reforms. Hal Scott, March 23, 2017, Video, “Hal Scott, Harvard Law School professor and president of Committee on Capital Markets Regulation, discusses the Trump administration’s approach to financial regulation and how it relates to the Federal Reserve and monetary policy. Scott is a potential candidate to be the next Vice Chair of the Federal Reserve. He speaks on “Bloomberg Surveillance.”Link

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Energy Market Shock Absorbers: Waiving Environmental Regulations in Response to Fuel Market Disruptions

Energy Market Shock Absorbers: Waiving Environmental Regulations in Response to Fuel Market Disruptions. Joseph Aldy, March 23, 2017, Paper, “As a result, such volatility can have important political implications. Energy price volatility has historically reflected geopolitical events around the world. But recently in the United States, natural disasters, policy design and implementation, and competition in markets have contributed to volatility in U.S. energy price.Link

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Don’t Roll Back the Vehicle Fuel Standards

Don’t Roll Back the Vehicle Fuel Standards. Jody Freeman, March 8, 2017, Opinion, “One of the signal achievements of the Obama administration was reaching an agreement with the auto industry to dramatically increase fuel efficiency standards for vehicles, doubling them to 54.5 miles per gallon by 2025. The industry now wants to renege. At its behest, the Trump administration is expected to initiate a rollback.Link

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Carbon Prices, Preferences, and the Timing of Uncertainty

Carbon Prices, Preferences, and the Timing of Uncertainty. William Hogan, March 6, 2017, Paper, “$40 revised July 2015 Social Cost of CO2, from “Technical Update of the Social Cost of Carbon for Regulatory Impact Analysis Under Executive Order 12866.” (U. S. Government Interagency Working Group on Social Cost of Carbon, 2016) Based on 3% constant discount rate, and an average of 3 climate-economy models, including DICE.Link

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Defending Worldwide Taxation with a Shareholder-Based Definition of Corporate Residence

Defending Worldwide Taxation with a Shareholder-Based Definition of Corporate Residence. Stephen Shay, March 5, 2017, Paper, “This Article argues that a principled, efficient, and practical definition of corporate residence is necessary even if some form of corporate integration is adopted, and that such a definition is a key element in designing either a real worldwide or a territorial income tax system as well as a potential restraint on the inversion phenomenon. The Article proposes that the United States adopt a shareholder-based definition of corporate residence that is structured as follows:…Link

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Trump’s Safe and Sane ‘Regulatory Reform’ Idea

Trump’s Safe and Sane ‘Regulatory Reform’ Idea. Cass Sunstein, March 3, 2017, Opinion, “In one of his few statements since joining government, presidential adviser Stephen Bannon announced that one of the Trump administration’s principal goals was “the deconstruction of the administrative state.” Given the critical role of federal agencies in protecting public health and safety, that’s pretty provocative. But President Donald Trump’s latest action suggests that reform is the aim, rather than deconstruction — and the reform might even turn out to be reasonable.Link

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The Financial Regulatory Reform Agenda in 2017

The Financial Regulatory Reform Agenda in 2017. Robin Greenwood, Samuel Hanson, Jeremy Stein, Adi Sunderam, February 2017, Paper, “We take stock of the post-crisis financial regulatory reform agenda. We highlight and summarize areas of clear progress, where post-crisis reforms should either be maintained or built upon. We then identify several areas where the new regulations could be streamlined or rolled back in an effort to reduce the burden on the financial sector, particularly on smaller banks.Link

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