Credit default swaps became notorious financial instruments and symbols of financial engineering run amok during the 2007-8 financial crisis. Once worth over $60 trillion a year, the credit default swap market has shrunk significantly, but it is still worth nearly $10 trillion a year.1 A credit default swap is a financial derivative contract that pays…
Author: Matthew Reiser
California Consumer Privacy Act Highlights Need for Federal Data Privacy Regulations
The increasing scale of the digital economy has led to major concerns over consumers’ online privacy. As the quantity of personal data on the internet has ballooned, governments and regulators have struggled to keep up with the fast-moving technology industry. There have been concerns over both inappropriate data usage and corporate data breaches.1 Responding to…
Crackdown on Airbnb Highlights Diverse Municipal Approaches to Regulation
Over the past few years, there has been a surge in the size and importance of the digital sharing economy. The short-term home rental ecosystem in particular has seen explosive growth.1 A leader in the space, Airbnb has rapidly grown to be one of the most successful of the new sharing economy companies. Founded just…