This panel is part of a project to engage the legal academy in sustained theoretical and policy contributions to the regulation of financial institutions. We will step back from the daily news of reform to analyze the functions of today's financial institutions, revisiting the rationale for their regulation: what they do for their immediate constituents (debtors, creditors, shareholders) and for the economy as a whole (savings intermediation, liquidity, monetary policy transmission), as well as the risks they present. As we put the evolving U.S. regime in historical and comparative perspective, we will consider whether the focus on institutions detracts from regulating instruments, markets, economic functions and risks--and how to reconcile the proliferating regulatory objectives.
Business Meeting at Program Conclusion.