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The first and second rules of Congressional Fight Club is that you don’t talk about Congressional Fight Club. The third rule is that if a new bureau head spends her time in front of a committee hearing being evasive and, allegedly, lying … she has to fight. Or something like that. What happened during today’s [...]
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The U.S. Treasury Department has announced plans to create a committee to advise regulators on insurance issues. This comes after the insurance industry complained that it was being left out on details regarding important information from the Financial Stability Oversight Council. Industry groups, including the Property Casualty Insurers Association of America, have said insurance companies [...]
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Simon Johnson is the former IMF chief economist and current professor at MIT’s Sloan School of Management. And to say he is skeptical about the friendly relationship between government and Wall Street — particularly Goldman Sachs — would be putting it way too lightly. He seems to be looking around at the industry “overhaul” that [...]
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An uprising in Egypt or a catastrophic natural disaster in Japan can make a company stop and think about how that event impacts their business. And events like these are helping to spur companies to fully embrace enterprise risk management (ERM). This is a good thing. And, according to some, it’s only going to get [...]
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