After an introduction by Visiting Fellow Justin O’Brien on the limitations of current financial regulations both globally and domestically, journalist Gregg Fields interviews former Lab Fellow Kim Pernell-Gallagher on how divergent banking regulations in the years leading up to the recent financial crisis led to different economic outcomes in the US, Spain, and Canada. Gallagher poses this thought-provoking question: “Problems in the shadow banking industry can carry over into the real economy just the way that problems in the regulated banking industry can, which makes us think: is transferring risk to unregulated entities really the smartest call?"

Many people are cynical about business promises and blame individual leaders when commitments are not kept. In this Labcast, Fellows Gregg Fields and Elizabeth Doty explore how systematic factors such as short-termism, complexity, reactivity, and operational issues also contribute to “commitment drift” in business, which in turn damages public trust. Because many individual executives value keeping their word, Doty recommends helping them recognize the challenges and build the special competence required to keep promises as an organization.

This interview touches on the seven promise-keeping strategies which are described in a new article by Doty in strategy+business magazine, and which are summarized in this blog post.

An increasing number of think tanks are disclosing who funds their work, how much they gave and why. The Center for Global Development, a think tank in Washington, D.C., recently launched a new webpage in beta called How We're Funded. Investigative Reporting Fellow Brooke Williams goes behind the scenes of this decision at the CGD with Todd Moss, COO, and Katie Douglas Martel, deputy director of Institutional Advancement.

Donation strategies of elite campaign contributors are the focus of research for Dr. Jen Heerwig, a sociologist and research fellow at the Edmond J. Safra Center for Ethics. In this labcast, journalist Gregg Fields interviews Heerwig on the Supreme Court decision in McCutcheon v. FEC, which significantly raises the amount deep-pocketed donors can give to federal candidates.

In an explosive scandal, global regulators suspect the 4pm fix is quite possibly fixed. Traditionally it's the London hour when rates for currencies like the dollar are set. It's now suspected that traders colluded to rig markets for private gain. Financial journalist Gregg Fields and Professor Justin O'Brien, director of the Centre for Law, Markets and Regulation at the University of New South Wales in Australia, discuss the role that institutional corruption may have played.

Dr. John Ruggie—one of the 25 most influential international relations scholars in the United States and Canada (according to Foreign Policy magazine), Harvard Kennedy School of Government and Harvard Law School professor, and the author of the UN Guiding Principles on Business and Human Rights—talks with bioethicist and Edmond J. Safra Lab Fellow Dr. Jennifer E. Miller about his experiences drafting and implementing the UN Guiding Principles. These principles constitute the most comprehensive and authoritative global standard in the area of business and human rights, to date.

50 years after President Lyndon Johnson declared War on Poverty, the number of Americans living below the poverty line remains stubbornly high. Daniel Weeks, a non-resident fellow at the Edmond J. Safra Center for Ethics, discusses the political dimensions of persistent poverty in America and presents solutions to overcome the systematic disenfranchisement of millions of poor people in the democratic process – including the upcoming NHRebellion walk across New Hampshire for campaign finance reform, led by E.J. Safra Center Director Lawrence Lessig.

Wall Street is in for a shakeup under the newly adopted Volcker Rule. In this exclusive podcast for the Edmond J. Safra Center for Ethics, Harvard business professor emeritus Malcolm Salter and financial journalist Gregg Fields discuss what it does, what lies ahead -- and why every American should care.