European Banking Authority Launches Consultation on Guidelines on ESG Scenario Analysis
The draft guidelines outline expectations for institutions to adopt forward-looking strategies and incorporate scenario analysis into their management framework to assess resilience against the negative impacts of ESG factors. By Axel Schiemann, Paul A. Davies, and Nicola Higgs On 16 January 2025, the European Banking Authority (EBA) launched a public consultation on its draft guidelines on ESG scenario…
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Regulatory Reversals: Political Transitions and the Congressional Review Act
A Republican Congress and the incoming Trump administration may employ the CRA to quickly overturn recent rules that faced heavy criticism from the financial services industry. By Jenny Cieplak, Zachary Fallon, Arthur Long, Parag Patel, Barrie VanBrackle, Stephen Wink, and Deric Behar Every four years in American politics is an opportunity to turn the tables…
Explore MoreCreating Space for Patients’ Voices in Health Care
Between 2016 and 2022, over 26 percent of drugs approved by the U.S. Food and Drug Administration (FDA) were labeled based on outcomes reported directly from patients. Despite a trend toward using patient-reported information in clinical practice, health care outcomes in the United States are not traditionally assessed by taking stock of patients’ voices. In…
Explore MoreEU Sports Regulation After Super League
“You greedy bastards, you are ruining our club!” That was according to the thousands of supporters assembled outside of Chelsea F.C.’s stadium in April 2021 protesting the club’s announcement that it would join the recently announced Super League—a proposed international football competition comprising mostly highly lucrative clubs. European politicians, including former British Prime Minister Boris…
Explore MoreCan the Courts Manage the Trump Blitzkrieg?
Is the U.S. Supreme Court’s landmark decision in Humphrey’s Executor v. United States still good law? If so, President Donald J. Trump’s removal of a National Labor Relations Board (NLRB) member without cause is unconstitutional. Is birthright citizenship protected by the 14th Amendment? If not, President Trump’s executive order that prohibits birthright citizenship is unconstitutional.…
Explore MoreWeek in Review
IN THE NEWS The Office of Management and Budget rescinded a memo that froze spending on all federal loans and grants after widespread confusion and concern. The original memo, issued just two days earlier and temporarily blocked by a federal judge, was intended to give President Donald J. Trump’s Administration time to ensure spending was…
Explore MoreThe Evolving Role of Title IX in Women’s Sports
Over 50 years have passed since the passage of Title IX, a federal civil rights law administered by the U.S. Department of Education and intended to provide equal access for women in education and athletics in the United States. Three million additional high school athletic opportunities exist for U.S. women following Title IX’s passage. As…
Explore MoreA State Legislative Nudge Toward Regulatory Excellence
Upon a rare override of a veto by New Hampshire Governor Chris Sununu, the state recently achieved one small step for regulatory excellence. With a combined 341-11 vote by New Hampshire’s legislature, House Bill 1622 was enacted in October and took effect on December 10, 2024. Drawing on my experience as the former chief regulatory…
Explore MoreKeeping an Eye on Compliance Gatekeepers
Amid increased societal demands and regulatory burdens, corporations have invested billions of dollars into compliance programs, often relying on outside compliance advisors to perform essential tasks. In a recent article, Asaf Eckstein, a professor of law at Hebrew University, and Roy Shapira, a professor of law at Reichman University, argue that external compliance advisors are…
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FDIC Acting Chairman Charts a Fresh Path Forward for the Agency
The FDIC seeks to stick to its statutory mandate while reducing impediments to fintech, innovation, mergers, bank formation, and efficient supervision. By Arthur S. Long, Pia Naib, and Deric Behar Just one day after being named acting chairman of the Federal Deposit Insurance Corporation (FDIC), Travis Hill revealed an agenda of priorities for the FDIC. Hill…
Explore MoreAddressing Health Care’s “No Prices” Model
About one in four adults admit to having skipped or postponed getting necessary health care because of costs this past year. In a recent article, Gregory Day, an associate professor of Legal Studies at the Terry College of Business, argues that the problem of high costs could be attributed to health care’s practice of having…
Explore MoreReliable and Climate-Friendly Electricity Markets
In 2021, President Joseph R. Biden set a national goal of 100 percent carbon-free electricity by 2035. This ambitious goal requires a significant shift in power production to renewable sources and the construction of thousands of miles of new electric transmission lines. This target will necessitate support from numerous regulatory policies, including the implementation of…
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IN THE NEWS President Donald J. Trump signed an executive order titled “Unleashing Prosperity Through Deregulation,” requiring federal agencies to identify at least ten existing regulations to repeal whenever they seek to issue a new one. The order aims to reduce “unnecessary, burdensome, and costly federal regulations” and requires that the cost of all new…
Explore MoreEven US Messaging Outlet RFE/RL Having Trouble Prettying Up Trump Planning to Buy Ukraine Rare Earths Empty Bag
There is both less and more in the Trump offer to arm Ukraine in return for rare earths than meets the eye.
Explore MoreOil for Migrants: Did the Trump Administration Just Reset US Diplomatic Relations With Venezuela?
Big things are happening in US-Venezuela relations. But can they last?
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