This weekly recap focuses on RAND's new artist residency program, Art + Data; the prevalence of “gray market care” in the United States; supply chains' cyber problem; and more.
The Paycheck Protection Program—signed into law as part of the CARES Act in March 2020—provided money for payroll, rent, mortgage, and utilities to small businesses. But companies owned by individuals with criminal backgrounds were ineligible to receive funds. Some of the restrictions were later relaxed, but how many business owners and employees were affected?
How well does President Donald Trump's plans for a regulation roll-back address the concerns of those who have long supported regulatory reform, and how can agencies best tackle the challenges and opportunities of implementation?
Dodd-Frank, the 2010 financial reform law, is now itself the target of reform. Those involved with the overhaul could draw inspiration from an unlikely source: video games. A simulation game could help predict the effects of changes to regulations—and avoid high-stakes missteps.
This review compares financial advice markets in a cross-section of countries where regulatory changes aimed at improving the quality of financial advice have recently been made, to determine how such changes have affected them.
This paper examines the potential effects of the U.S. Department of Labor, Employee Benefits Security Administration's proposed rule 29 CFR Part 2510, Definition of the Term "Fiduciary" on people with Individual Retirement Accounts.
What should be the role of criminal law in controlling corporate behavior? Researchers measure the current use of criminal sanctions in controlling corporate behavior and offer suggestions about how doing so might be improved.
Although fair value accounting was blamed by some as the primary cause of the 2008 financial crisis, this was probably not the case. Nevertheless, policymakers should be aware that both fair value and historical cost accounting sometimes can produce misleading information, resulting in both institutional and systemic risk.
Although fair value accounting was blamed by some as the primary cause of the 2008 financial crisis, this was probably not the case. Nevertheless, policymakers should be aware that both fair value and historical cost accounting sometimes can produce misleading information, resulting in both institutional and systemic risk.
Examines the relationship between fair value accounting and historical cost accounting and systemic risk to the financial system, including the role that accounting approaches played in the 2008 and earlier financial crises.
Video compilation of the 2013 Behavioral Finance (BeFi) Forum in Washington, D.C., a day-long event that included a series of topical panels on curated presentations of academic research followed by discussion by leading practitioners.
These proceedings summarize the key themes and issues raised during a September 2012 RAND symposium. Discussion focused on how hedge funds might contribute to systemic risk and the extent to which recent financial reforms address these risks.
At RAND's Politics Aside event, former FDIC Chair Sheila Bair, former U.S. pay czar Kenneth Feinberg, and M&T Bank CEO Robert Wilmers talk with Reuters' Rob Cox about the best ways to tackle the problematic too-big-to-fail doctrine.
During a panel discussion at RAND's Politics Aside event, former U.S. pay czar Kenneth Feinberg says politics has seeped into the financial regulatory process, causing it to grind to a halt.
On May 16, 2012, RAND hosted a symposium that brought together senior thought leaders for a discussion about organizational culture and the business and policy ramifications of efforts to build better ethical cultures in corporations.
Hedge funds did not play a pivotal role in the financial crisis compared to other agents, such as credit rating agencies, mortgage lenders, and issuers of credit default swaps. However, hedge funds do have the potential to contribute to disruptions of the U.S. financial system.
RAND research finds that hedge funds did not play a pivotal role in the financial crisis of 2007-2008 but assesses how such funds could contribute to systemic risk in the future.
Although hedge funds worsened the financial crisis in certain ways, the industry did not play a pivotal role compared to other agents, such as credit rating agencies, mortgage lenders, and issuers of credit default swaps. However, hedge funds do have the potential to contribute to disruptions of the U.S. financial system.