Program on International Financial Systems

On January 3, 2018, the world will change, according to Professor Howell Jackson. That is the day that the second iteration of the Markets in Financial Instruments Directive — a set of European Union financial regulations that emerged in the wake of 2008, known colloquially as MiFID II — will go into effect.

Niamh Moloney LL.M. ’93, professor of Financial Markets Law and incoming Head of the Law Department (2018-2019) at the London School of Economics, spoke at Harvard Law School on Sept. 27 on the complex question of the United Kingdom’s exit from the European Union and its implications for the U.K.’s financial services industry.

In October, The Program on International Financial Systems (PIFS) at Harvard Law School celebrated its 30th anniversary by holding the kind of symposium it has been hosting for three decades — convening financial leaders, high-ranking government officials, and distinguished academics from around the world to discuss the most pressing issues in international finance.

Program on International Financial Systems Executive Director James Shipton. Harvard Law School’s Program on International Financial Systems (PIFS) has named James Shipton its new executive director.

The Program on International Financial Systems (PIFS) at Harvard Law School and the International Organization of Securities Commissions (IOSCO) recently launched a joint Global Certificate Program for Regulators of Securities Markets.

Dr. Heath Tarbert, a partner of the global law firm of Allen & Overy, has been appointed as a non-resident fellow of the Harvard Law School Program on International Financial Systems (PIFS).

Professor Hal Scott, director of the Harvard Law School Program on International Financial Systems, recently gathered public and private sector financial leaders from Brazil and the U.S. to examine issues affecting the financial relationship between the two countries.

The Harvard Law School Program on International Financial Systems fosters the exchange of ideas on capital markets, financial regulation, and international financial systems through its portfolio of Symposia on Building the Financial System of the 21st Century. The symposia, started in 1998, bring together senior financial leaders, high-ranking government officials, and distinguished academics from the U.S. and their counterparts from China, Europe, Japan, and Brazil each year for intensive dialogue on issues affecting international capital markets. The 15th annual Japan-U.S. symposium was held this year in Karuizawa, Japan from Oct. 24 to 26. In a Q&A, HLS Professor Hal Scott, PIFS director, talks about the symposium’s history and impact.

In an Aug. 15 op-ed published in The New York Times Global Edition, Harvard Law School Professor Hal Scott weighs in on the European economic crisis and the need for international action in resolving it.

Harvard Law School Professor Hal Scott’s Program on International Financial Systems (PIFS) hosted the 10th annual Symposium on Building the Financial System of the Twenty-first Century: An Agenda for Europe and the United States on March 22-24 at the Weill Center in Armonk, N.Y.  Co-hosted by the Centre for European Policy Studies (CEPS), the event gathered 100 senior executives and government officials from the financial industry, policymaking arenas, law, and academia.

On Nov. 4-6, Harvard Law School’s Program on International Financial Systems (PIFS) co-hosted the 14th annual “Symposium on Building the Financial System of the 21st Century: An Agenda for Japan and the United States,” with the International House of Japan. The event, held this year in Cambridge, Mass., brought together more than 100 hundred senior executives and government officials from the financial industry, policymaking, law and academic arenas.

In a July 19 op-ed published in the Opinion section of the Financial Times, Harvard Law School Professor Hal Scott reflects on the past, present, and future of the Dodd-Frank Wall Street Reform and Consumer Protection Act on the anniversary of its passage into law.

On Thursday June 16, HLS Professor Hal Scott is testified before the US House of Representatives Committee on Financial Services in a hearing entitled “Financial Regulatory Reform: The International Context."

Harvard Law School Professor Hal Scott’s Program on International Financial Systems is hosting the 9th annual “Symposium on Building the Financial System of the Twenty-first Century: An Agenda for Europe and the United States” this weekend in Hampshire, England.  Co-hosted by the Centre for European Policy Studies, the event will gather more than 100 senior executives and government officials from the financial industry, policymaking arenas, law, and academia.  

In a Jan. 18 op-ed in The New York Times, “China’s Currency Isn’t Our Problem,” HLS Assistant Professor Mark Wu assesses the impact of the value of China’s currency, the renminbi, on the the American economy.