Students who enroll in this offering may count the credits towards the JD experiential learning requirement.
Exam Type: In-Class
This course explores the regulation of financial institutions in the United States, covering a range of firms including banks, insurance companies, securities firms, and assets managers, as well as financial markets more generally. We will examine the many different supervisory mechanisms that have evolved in the United States to regulate financial firms, with a particular emphasis on jurisdictional boundaries, ongoing reforms in prudential regulation, consumer financial protection, and the oversight of systemic risks. Emphasis will be given to the changes in financial regulation that have taken place since the Financial Crisis of 2007/2008 and the enactment of the Dodd-Frank Act in 2010 as well as pending proposals for further reforms under the Trump Administration. While the primary focus of the course will be on financial regulation in the United States, readings and class discussion will frequently extend to comparative, cross-border, and multi-lateral aspects of financial regulation.
Students enrolled in the course will be expected to prepare one short research paper on a topic of current interest. There will also be an in-class, open-book final examination.
Margaret E. Tahyar, a senior member of the Davis Polk Financial Institutions Group, will participate in co-teaching portions of the course focusing on issues related to the implementation of the Dodd-Frank Act of 2010.
Readings will primarily be from Barr, Jackson & Tahyar, Financial Regulation: Law and Policy (Foundation Press 2016) though some supplemental materials will be posted to the course's Canvas website, including several case studies posing issues of current policy concern. The course will meet for thirty-two ninety-minute sessions. The meeting dates will be posted on Canvas before the start of the semester; all sessions will take place within the time block assigned to the course.