# Prof. Thomas Cooley on banks that avoid regulation

1 Faculty News December 2, 2012 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/2012/12/02/us-banks-regulation-derivatives-idUSBRE8B10F220121202) -- "'What we are seeing now is a gamesmanship dance in which firms do whatever they can to avoid regulation, which is an age-old phenomenon,' said [Thomas Cooley](http://w4.stern.nyu.edu/faculty/bio/thomas-cooley), a professor of economics at New York University's Stern School of Business."

Additional coverage appeared on [CNBC](http://www.cnbc.com/id/100267996).

[Read more](http://www.reuters.com/article/2012/12/02/us-banks-regulation-derivatives-idUSBRE8B10F220121202)