Open Access. Powered by Scholars. Published by Universities.®
- Institution
- Keyword
-
- Access to Justice (1)
- Class Action (1)
- Corporate Law (1)
- Corporations (1)
- Finance (1)
-
- Financial Markets (1)
- Financial regulation; Compliance technology; Cybersecurity; Agency problems; Risk analysis; Financial accidents; Systemic risks; “Too linked to fail”; “Too fast to save”; Hackers; Cybercriminals; Corporate governance; Risk management; Human agency; Artificial intelligence (1)
- Firms (1)
- Investment (1)
- Lawsuit (1)
- Low-Income (1)
- Poverty (1)
- Public Corporations (1)
- The Fed (1)
- The Federal Reserve (1)
- Theory of the Firm (1)
- Publication
- Publication Type
Articles 1 - 3 of 3
Full-Text Articles in Legal Profession
Compliance, Technology, And Modern Finance, Tom C.W. Lin
Compliance, Technology, And Modern Finance, Tom C.W. Lin
Brooklyn Journal of Corporate, Financial & Commercial Law
An important transformation is happening in the financial industry. The rise of new technology and compliance has dramatically altered many of the key functions and functionaries of modern finance. Artificial intelligence, algorithmic programs, and supercomputers, instead of human actors, now constitute the core of many financial operations. Compliance officers have become just as critical to financial institutions as traders, bankers, and analysts. Finance as we knew it has changed and continues to change. This symposium Article offers a studied commentary on these unfolding changes, the crosscutting developments in compliance, technology, and modern finance. It examines the concurrent and intersecting ascents …
Financial Hospitals: Defending The Fed’S Role As A Market Maker Of Last Resort, José Gabilondo
Financial Hospitals: Defending The Fed’S Role As A Market Maker Of Last Resort, José Gabilondo
José Gabilondo
During the last financial crisis, what should the Federal Reserve (the Fed) have done when lenders stopped making loans, even to borrowers with sterling credit and strong collateral? Because the central bank is the last resort for funding, the conventional answer had been to lend freely at a penalty rate against good collateral, as Walter Bagehot suggested in 1873 about the Bank of England. Acting thus as a lender of last resort, the central bank will keep solvent banks liquid but let insolvent banks go out of business, as they should. The Fed tried this, but when the conventional wisdom …
Class Warfare: The Disappearance Of Low-Income Litigants From The Civil Docket, Myriam Gilles
Class Warfare: The Disappearance Of Low-Income Litigants From The Civil Docket, Myriam Gilles
Articles
In recent years, much attention has been paid to the startling disparities in income and wealth in contemporary U.S. society. The enormous concentration of economic power in the top 1% is the culmination of decades of significant income and wealth gains for the top, combined with stagnant or decreasing growth for the majority - a trend that continues apace. But nowhere is the gap more glaring than in the civil docket, where class actions brought by or on behalf of low-income consumers and employees are on the verge of disappearing.
To be sure, the decline in class actions is only …