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Full-Text Articles in Law

Countercyclical Regulation And Its Challenges Jun 2016

Countercyclical Regulation And Its Challenges

Patricia A. McCoy

Historically, U.S. financial regulation has normally been procyclical, with federal regulators and Congress relaxing oversight during bull markets and cracking down once financial crises hit. After 2008, the wisdom of this approach came under attack. Critics argued that procyclical regulation left financial institutions undercapitalized and unable to withstand panics. Other critics asserted that economic downturns could be mitigated and even averted if regulators took steps to puncture asset bubbles.

The concept of countercyclical regulation responds to both of these critiques. This new approach posits that financial regulation would be more effective if financial regulation clamped down during financial expansions ...


Degrees Of Intermediation, Patricia A. Mccoy Feb 2016

Degrees Of Intermediation, Patricia A. Mccoy

Patricia A. McCoy

No abstract provided.


Access To Mortgage Credit 2.0, Patricia Mccoy Dec 2015

Access To Mortgage Credit 2.0, Patricia Mccoy

Patricia A. McCoy

Panel at the Association of American Law Schools 2016 Annual Meeting. At the same meeting, Professor McCoy participated in the panel Countercyclical Regulation and Its Challenges.


Climate Change And Insurance, Patricia Mccoy Dec 2015

Climate Change And Insurance, Patricia Mccoy

Patricia A. McCoy

Professor McCoy presented this lecture to the Insurance Law Section of the Boston Bar Association.