Economics and Financial Regulation

6 Pages Posted: 10 Jul 2012

See all articles by Henry G. Manne

Henry G. Manne

George Mason University - Antonin Scalia Law School, Faculty

Date Written: July 9, 2012

Abstract

Under a 2011 court decision known as Business Roundtable v. SEC, many Securities and Exchange Commission rules must pass a rigorous cost-benefit test to be in compliance with the new Dodd-Frank finance legislation. The SEC has recently released a memo outlining what is required to comply with the ruling. The memo will not overcome the inhibiting effects of 80 years of a different regulatory culture at the SEC, but it is a start. With congressional oversight, judicial review, and the good-faith sympathetic administration of these new rules by the SEC, a far more effective regulatory system may come about, perhaps even one with some real intellectual credibility.

Suggested Citation

Manne, Henry G., Economics and Financial Regulation (July 9, 2012). Regulation, Vol. 35, No. 2, Summer 2012, Available at SSRN: https://ssrn.com/abstract=2102793

Henry G. Manne (Contact Author)

George Mason University - Antonin Scalia Law School, Faculty

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