Hal S. Scott

Nomura Professor of International Financial Systems

Director, Program on International Financial Systems


Hal S. Scott is the Nomura Professor and Director of the Program on International Financial Systems (PIFS) at Harvard Law School, where he has taught since 1975.  He teaches courses on Capital Markets Regulation and International Finance.  He has a B.A. from Princeton University (Woodrow Wilson School, 1965), an M.A. from Stanford University in Political Science (1967), and a J.D. from the University of Chicago Law School (1972).  In 1974-1975, before joining Harvard, he clerked for Justice Byron White.

The Program on International Financial Systems, founded in 1986, engages in a variety of research projects.  Its book, Capital Adequacy Beyond Basel (Oxford University Press 2004), examines capital adequacy rules for banks, insurance companies and securities firms.  The Program also organizes the annual invitation-only U.S.-China, U.S.-Europe and U.S.-Japan Symposia on Building the Financial System of the 21st Century, attended by financial system leaders in the concerned countries.  It has also offered symposia for U.S.-India and U.S.-Latin America.  The Program also offers professional and educational programs.  In 2016, it conducted a week long course with the International Organization of Securities Commissions (IOSCO) for securities regulators around the world.

Professor Scott's books include the law school textbook International Finance: Transactions, Policy and Regulation (21st ed. Foundation Press 2016); The Global Financial Crisis (Foundation Press 2009); and Connectedness and Contagion (M.I.T. Press 2016).

Professor Scott is the Director of the Committee on Capital Markets Regulation, a bi-partisan non-profit organization dedicated to enhancing the competitiveness of U.S. capital markets and ensuring the stability of the U.S. financial system via research and advocacy. He is also  a member of the Bretton Woods Committee and a member of the Market Monitoring Group of the Institute of International Finance.  He is a past President of the International Academy of Consumer and Commercial Law, a past Governor of the American Stock Exchange (2002-2005), and a past independent director of Lazard, Ltd. (2006-2016).

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