Archive for August 2nd, 2013

August 2, 2013

DiLorenzo Paper on Mortgage Market Reforms

Professor Vincent DiLorenzo has written Barriers to Market Discipline: A Comparative Study of Regulatory Reforms,” 29 Arizona
Journal of International and Comparative Law 517-556.  Here’s the abstract:


This article explores mortgage market reforms in the U.S. and U.K. in response to the recent mortgage market crisis. First, the article explores the extent to which regulatory bodies have recognized behavioral barriers to market discipline on the part of both consumers and industry actors. Second the article examines the varied response in the U.S. and U.K. to both market limitations and behavioral limitations to industry self-discipline that led to unsafe lending practices in the period 2003 through 2007. The greater emphasis on rules-based regulation in the U.S. after 2008 is compared with the continued reliance primarily on principles-based regulation in the U.K. This difference, however, is not what will determine industry commitment to legal compliance. Rather, the main finding is that future compliance with safety and soundness requirements will depend on a regulatory policy and enforcement record that will alter the industry’s past conclusion that evasion, or even noncompliance, with legal requirements is a reasonable business decision based on cost-benefit evaluations.


August 2, 2013

Fannell Quoted in USA Today on Cyber-Bullying in Tennis

Jeff Fannell, Adjunct Professor and Deputy Director of the International and Comparative Sports Law Program at St. John’s School of Law, was quoted yesterday in an article on cyber-bullying in tennis in the online edition of USA Today.  On the obligation of sports regulators to intervene to prevent this conduct, Professor Fannell opines

[i]f a player does go on social media what comes with it unfortunately is you are going to have some good and you are going to have some bad. I don’t see how the governing bodies have any obligation to police it. They are free to do so if they desire, but I don’t see that they have any obligation for something that is purely voluntary on the part of the individual player.

He adds,

I think most associations and leagues take player safety seriously and take all reasonable measures to protect players. What is reasonable may change if the circumstances change, and certainly knowledge of cyber-threats against a player alters the calculus.

For the full article, click here.

jeff fannell

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