Transparency versus privacy: Privacy loses a round in California

A bill to protect the privacy of potential borrowers in private debt deals, formally California Assembly Bill 386, died in a committee of the state Senate this spring, despite the support of the $459 billion California Public Employees’ Retirement System (CalPERS).

Will there be efforts to revive the bill? Megan White, a spokeswoman for CalPERS, said that CalPERS has not “decided on next steps yet,” but that beyond that “we don’t have comments.”

The legislation was drafted inContinue Reading

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Christopher Faille

Christopher Faille has written on a variety of legal, regulatory, and financial issues for decades. He is the author of "The Decline and Fall of the Supreme Court" (1995), for example, and the coauthor, with David O'Connor, of "Basic Economic Principles" (2000). He was an early reporter with Lipper HedgeWorld and has contributed to Forbes and to the Hedge Fund Law Report.

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