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Fall 2020 Course

Regulation of Financial Institutions

Prerequisite: None

Exam Type: Please refer to the Fall 2020 Tentative Exam Schedule

Students enrolled in the course will be expected to prepare one short research paper on a topic of current interest. There will also be a take-home examination question distributed at the last class and designed to give students an opportunity to reflect upon some of the broad themes we will explore over the course of the semester.

This course explores the regulation of financial institutions and financial markets.  Over the course of the semester, we will examine the many different regulatory agencies and supervisory mechanisms that have evolved in the United States to govern the business of banks, securities firms, asset managers and insurance companies. The course will cover prudential regulation and consumer protection, as well as the oversight of systemic risks. 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.  The course is structured to give students a broader overview of financial regulation in the United States.

In the Fall of 2020, a particular focus of the course will be to consider the extent to which the Trump Administration and its appointees have altered the regulatory reforms put in place under the Dodd-Frank Act of 2010 in the wake of the financial crisis of the last decade.  We will also focus on recent developments in supervisory and compliance practices, areas of current concern to both regulators and practitioners.  Among other things, this topic will allow us to consider a number of open questions regarding the application of administrative law principles in the context of financial regulation.

Readings will primarily be from Barr, Jackson & Tahyar, Financial Regulation: Law and Policy (Foundation Press 2nd ed. 2018) 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 sessions of an hour and thirty minutes, with classes ending by Thanksgiving Break. The meeting dates will be posted on Canvas before the start of the semester.

ISBN: 9781640202498
Author: Michael S. Barr, Howell E. Jackson, and Margaret E. Tahyar
Title: Financial Regulation: Law and Policy
Edition: Second
Publisher: West Academic