A fully revised second edition focused on the best practices of enterprise risk management
Since the first edition of Enterprise Risk Management: From Incentives to Controls was …

The financial crisis of 2007-2009 was preceded by a period of financial firms 1 seeking short-
term profit regardless of long-term consequences. 2 Numerous market participants engaged …

Using unsecured bonds traded in the US from 1990 to 2020, we examine the sensitivity of
credit spreads to changes in firm risk. In the time period preceding the implementation of the …

US policy makers often assume that market competition is a panacea. This faith in
competition motivates proposals by the US Department of Treasury (the" Treasury") to …

By now, almost without exception, every business has an internet presence, and is likely
engaged in e-commerce. What are the major risks perceived by those engaged in e …

The dominant paradigm in the US financial regulatory apparatus has long centered on
independent agencies like the Federal Reserve, the Federal Deposit Insurance Corporation …

Almost three years have gone by since Congress passed the Dodd-Frank Wall Street
Reform and Consumer Protection Act (Dodd-Frank) 6 in July 2010, but Dodd-Frank's reform …

Amercan government is dysfunctional: Gridlock, filibusters, and expanding presidential
power, everyone seems to agree, threaten our basic system of constitutional governance …

During the height of thefinancial crisis in 2008 and 2009, the government bailed out
numerous corporations, including banks, investment banks, and automobile manufacturers …

ABSTRACT" Ring-fencing" is often touted as a regulatory solution to problems in banking,
finance, public utilities, and insurance. However, both the precise meaning of ring-fencing …