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LAWS 9949 Seminar on Financial Regulation & Reform (Fall: 3 )


Course Description

This seminar will study the U.S financial regulatory structure and recently enacted financial reforms. Students will gain a basic understanding of U.S. financial regulatory system, including banking regulation and oversight, securities regulation and corporate law. Recurrent themes will include problems stemming from regulatory overlap and gaps, regulatory arbitrage, federalism and the impact of deregulation. Guest speakers from government and practice will provide a practical perspective on these issues. The course will begin with an overview of the regulatory system that emerged as part of the New Deal. We will then focus on understanding and legal developments that emerged beginning in the 1980s, including the Gramm-Leach-Bliley Act of 1999, which dismantled significant aspects of the New Deal regulatory structure. We will examine the rapid changes in the financial industry that followed Gramm-Leach-Bliley and efforts of financial regulatory institutions to adapt.


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Prerequisites: Corporations

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Last Updated: 18-Feb-14