In a representative democracy, men and women serving in public office – whether elected or appointed – must view their service as a public trust.   Each day, men and women raise their right hands to be sworn in as executives, legislators and administrators, agreeing to protect and defend the constitutions of the United States and of their home States, and the laws, rules and regulations of their governmental subdivisions. 

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News & Updates

July 4, 2009

N.Y. Fed's Chief Backs Preemptive Crisis Moves

Source:Washington Post

The Federal Reserve should break with past policy and try to identify and deflate asset bubbles before they can damage the U.S. economy, New York Federal Reserve President William C. Dudley said.

July 2, 2009

SEC Proposes Measures to Improve Corporate Governance and Enhance Investor Confidence

Source:SEC

The Securities and Exchange Commission today voted on three measures that are intended to better inform and empower investors to improve corporate governance and help restore investor confidence. [more]

July 2, 2009

Debate Rages Over Climate Bill as Obama Eyes Global Conference

Source:Fox News

House Democratic leaders said the bill helped accomplish one of Obama's campaign promises and would make the U.S. a leader in international efforts to address climate change when negotiations take place in Copenhagen.

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Research & Insights

June 24, 2009

KROLL PREDICTS CORRUPTION COSTS COULD TOTAL $500 BILLION WORLDWIDE, AS FBI BRACES FOR NEXT WAVE OF FINANCIAL FRAUD TIED TO STIMULUS SPENDING

Source:Kroll

Government stimulus funding totaling $5 trillion has unintentionally introduced new opportunities for fraud and corruption worldwide, according to the latest edition of the Kroll Global Fraud Report. The report reinforces the...[more]

June 18, 2009

President Obama Announces Comprehensive Plan for Regulatory Reform

Source:U. S. Treasury

President Obama will lay out a comprehensive regulatory reform plan this afternoon to modernize and protect the integrity of our financial system. While this crisis has had many causes, it is clear now that the government could...[more]

June 17, 2009

FDIC Report Reviews Events and Lessons of 2008

Source:FDIC

The Summer 2009 issue of Supervisory Insights, released today, documents some of the major financial events of a tumultuous 2008 and highlights areas of current and future supervisory emphasis, including key regulatory...[more]

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Commentary & Opinion

July 1, 2009

Transformation of Panama

Source:Robert R. McMillan

Panama has a new democratically elected President. The May 3, 2009 Presidential election in Panama was another extremely important event. Would Panama continue to transform into a real democracy? With four democratically...[more]

June 30, 2009

Obama's Regulatory Plan: Too Hot, Too Cold, or Just Right?

Source:Knowledge@Wharton, University of Pennsylvania

For President Barack Obama, the 2008 campaign was the easy part. Angered by a global financial crisis, voters demanded that the federal government do something to rein in Wall Street -- and he promised he would. The United...

June 30, 2009

The Hope Behind The Holes In The Climate Bill

Source:Environmental Leader

However, more recently, Wall Street has been looking at environmental, social and governance (ESG) performance of companies as an indicator of financial performance. In fact, AT Kearney reported that companies that had ESG...

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