PayThink

Jim Bruce, the director of a new documentary on the Fed, said Summers "doesn’t really have a background… in central banking" while praising Yellen’s character and integrity.

Most of the five-year retrospectives on the financial crisis were pretty boring, according to Editor-at-Large Barbara A. Rehm. But a few were very revealing about the industry’s future, including the massive onslaught of rules still on their way.

A 1999 memorandum explains why the DOJ refrains from prosecuting large financial institutions for their blatant regulatory violations, but why does it refrain from going after the employees who behaved badly?

MagicBand, a system that Walt Disney Co. has been testing all year with a limited number of employees and Walt Disney World resort patrons, seems to be poised for success based on what looks like an extreme level of commitment to it — so far.

Want consumers to engage with your financial firm? Don’t try to turn their finances into a flashy smartphone game; find new ways to do their banking for them.

With the general push for more capital, liquidity, regulatory knowledge, and tools, the financial sector is safer and more competitive.

Through bitter experience, bond purchasers learned about the moral hazard embedded in private residential mortgage-backed securities and their grossly inadequate legal protections.

Filmmaker Jim Bruce has produced a devastating documentary that uses Fed veterans, such as Peter Fisher, to explain how the central bank pumps up asset bubbles.

Responding to potential enforcement actions has become even more challenging because the number of agencies with concurrent jurisdiction has increased, and the authorities of those agencies have been broadened.

Knee-jerk regulations passed in crisis moments can do more harm than good, but all regulation is a static framework applied to an ongoing, dynamic market. The tensions created are inevitable.