Proxy advisory firms have arisen due to market failures underlying voting and the broader system of corporate governance. However, proxy advisory firms, which are not subject to mandatory regulation, reflect market failures of their own...

The biopharmaceutical industry is in a period of transition. Over the past decade, pressure from insurers and regulators has forced greater attention to how capital is allocated and has created strong incentives for specialization among the...

This paper sets out proposed administrative actions to reform the housing finance system in the absence of legislation. The goal is to build upon the progress that has been made toward a safer and more effective housing finance system with...

The Milken Institute and U.S. Small Business Administration Partnership for Lending in Underserved Markets ( PLUM) initiative aims to increase the amount of capital reaching minority-owned businesses and the number of successful minority...

The Global Financial Innovation Network (GFIN), composed of 11 regulatory authorities from around the world, is seeking to formally launch an effort that would potentially lead to greater regulatory collaboration through information sharing...

WASHINGTON, September 5, 2018 – Michael Piwowar, Ph.D., the respected economist and longtime commissioner of the U.S. Securities and Exchange Commission (SEC), has been named executive director of the Milken Institute Center for Financial...

This report explores how local and statewide governmental institutions can increase access to capital among Black and Hispanic entrepreneurs and small-businesses owners. The work addressing minority business capital is in conjunction with...

WASHINGTON, August 3, 2018—Aron Betru, managing director of the Milken Institute Center for Financial Markets and Jackson Mueller, associate director of the Milken Institute Center for Financial Markets and head of the FinTech program...

A much-debated concept to support affordable housing is that of a duty to serve (DTS) policy, which would impose an obligation on the secondary mortgage market institutions of Fannie Mae and Freddie Mac or their successors to ensure that...

In response to the financial crisis of 2008 and subsequent wave of regulation, financial institutions and regulators have begun to look for ways to use emerging technologies to increase the efficiency and effectiveness of regulatory...