Market Moves / Righting Regulation
Around this time in May of 2010, my financial regulatory colleagues and I in the US Government were looking at what had taken place on May 6th—known as the Flash Crash. The Dow Jones Industrial Average had dropped nearly a thousand...
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Canadian officials say they have started to control the country’s wildfire in Alberta, following the evacuation of 88,000 people. On the bright side, changing winds have diverted the flames from the oil-boom town of Fort McMurray after oil production from the...
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A combination of low commodity prices and regulatory action has crushed fossil fuel companies’ ability to operate. These comments comes after two more energy companies filed for Chapter 11 bankruptcy protection this week, joining dozens of others. Coal producer Peabody Energy...
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The price of oil is so important to global economies because it impacts economic sectors outside of the energy space. For example, in 2015, the US had record car and truck sales (17.7 million vehicles sold versus 17.1 million in 2000)....
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We’ve Learned from Being Burned As a former regulator, I know up close and personal how difficult it is to strike the right balance. When the US first implemented them in 2007, there were ripples in the US market and to...
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