Latest CCMR study confirms resumed deterioration in competitiveness of U.S. public equity markets

The Committee on Capital Markets Regulation, an independent and nonpartisan research organization dedicated to improving the regulation and enhancing the competitiveness of U.S. capital markets, released data confirming that the competitiveness of U.S. public equity markets in global markets has resumed its deterioration throughout this year’s first half.  

Scott urges major Federal Reserve input to CFTC rules on conflicts of interest in derivatives clearinghouses

The Commodities Future Trading Commission and the Securities Exchange Commission should closely consult the Federal Reserve on conflicts of interests affecting the nation’s over-the-counter derivatives clearinghouses, wrote HLS Professor Hal Scott, director of the Committee on Capital Markets Regulation, in a letter to the chairman of the CFTC. 

Program on International Financial Systems co-sponsors China-U.S. Symposium

The annual China-U.S. Symposium on Building the Financial System of the 21st Century took place in Nanjing, China from June 18-20.  Co-sponsored by the Harvard Law School  Program on International Financial Systems (PIFS) and the China Development Research Foundation (CDRF), this gathering annually convenes approximately 120 senior financial and government leaders from the United States and China to address key issues relating to capital markets, financial regulation and the China-U.S. economic and financial relationship.

CCMR offers views on six "critical points" in reconciling House and Senate financial reform bills

The Committee on Capital Markets Regulation (CCMR), which is led by Harvard Law School Professor Hal S. Scott, sent Congressional leaders a letter on June 14 urging them to consider its positions on six “critical points” as they begin the final task of reconciling the two financial reform bills passed by the House and the Senate.

Committee on Capital Markets Regulation proposes Fed-regulated clearinghouses to reduce systemic risk

“Meaningful financial regulatory reform depends on reducing the risks posed by over-the-counter derivatives,” said Harvard Law School Professor Hal Scott, president and director of the Committee on Capital Markets Regulation (CCMR). In a 28-page letter dated Mar. 4, the committee advocated for increased oversight of derivatives by the Federal Reserve.