Advanced Topics in Financial Regulation

Advanced Topics in Financial Regulation

Professor Daniel Tarullo
Spring 2018 course
T, W 10:20am - 11:50am
3 classroom credits

Prerequisite: Regulation of Financial Institutions , Capital Markets Regulation, or by permission of instructor.

Exam: Last Class Take-home

This course will examine two kinds of topics: (1) more in-depth treatment of key elements of financial regulation covered in introductory courses; and (2) selected emerging issues. The former will include capital (theories and varieties of capital regulation, stress testing) and liquidity (experience with liquidity squeezes during the financial crisis of 2007-09, rationales for liquidity regulation, role of central bank lender-of-last-resort facilities). The latter will include the regulation of systemic risk (non-bank financial institutions, activities of unregulated firms, institutional mechanisms for systemic risk oversight), tiering of bank regulation for institutions of different sizes and risk profiles, and Fintech (block chain/distributed ledger technology).

Subject Areas: Business Organization, Commercial Law, and Finance, Regulatory Law