Presenters were selected from a call for papers.
As the international community struggles to manage the current global financial and economic crisis, policymakers around the globe have proclaimed their commitment to domestic and international regulatory reform. There is widespread agreement that the current framework for financial regulation is ill-suited for promoting efficient financial markets or for preventing crises. In April of 2009, the G-20 countries expressly committed to strengthening their domestic financial regulatory regimes. In the US, the Obama Administration has stated that it intends to adopt significant reforms in the near- and medium-term. The US policy agenda already includes creating an entity charged with ensuring systemic stability, eliminating gaps in the current regulatory framework (especially with regard to derivatives and hedge funds), reexamining capital requirements for certain financial institutions, and extending resolution powers to non-depository financial institutions. Commentators, policymakers, and scholars have also proposed that the US restructure its existing arrangement of financial regulators, adopt stronger substantive regulation of consumer financial products, and enhance oversight of credit-rating agencies and institutions that comprise the system for payments and settlements. This program will evaluate the reform agendas articulated by the official sector in the US and abroad in light of the broader discussion about financial regulation among commentators, industry, and academics. It will examine the merits of various proposals now on the table as well as the practical challenges for successfully implementing these proposals.
Business Meeting at Program Conclusion.