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Fall 2016 Class Descriptions

As of 10/19/2017 5:29:21 AM

Financial Regulation

This course explores financial regulation in the aftermath of the most systemic financial crisis in the last 70 years, which was followed by a major shift in regulatory design. We analyze and compare the market and regulatory architecture of the entire U.S. financial sector as it exists today, from banks, insurance companies, and broker-dealers, to asset managers, complex financial conglomerates, and government-sponsored enterprises. We explore a range of financial activities, from consumer finance and investment to payment systems, securitization, short-term wholesale funding, money markets, and derivatives. We examine a range of regulatory techniques, including supervision, enforcement, and rule-writing, as well as crisis-fighting tools such as resolution and the lender of last resort. We also note the cross-border implications of U.S. rules, and compare, where appropriate, the U.S. financial regulatory framework and policy choices to those in other places around the globe, especially the European Union.

4.00 hours