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247.1 sec. 1 - Regulation of Capital Markets and Financial Institutions (Spring 2013)

Instructor: Prasad Krishnamurthy  (view instructor's teaching evaluations | profile)
Instructor: Mark Perlow  (view instructor's teaching evaluations | profile)
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Units: 3
Meeting Time: Tu 6:25-7:15 & Th 6:25-8:05
Meeting Location: 141/141

Course Start: January 08, 2013
Course Control Number (Non-1Ls): 49742


This course will address the institutional and regulatory framework of the U.S. capital markets and the role that financial institutions-such as banks, bank holding companies, investment banks, and investment funds-perform in these markets.

The course will start with an overview of the functions and regulation of banks, exchanges, over-the-counter markets, broker-dealers, institutional investors, and mutual and hedge funds. We will study in particular the recent crisis, including the rise and fall of securitization, failures in investment banks and the government-sponsored enterprises, credit derivatives, money market funds and hedge funds. We will study the division of regulatory responsibilities after the Gramm-Leach-Bliley Act repealed the Glass-Steagall Act and how these responsibilities correspond, or do not correspond, to the various financial “functions” that GLB intended to regulate. We will consider a range of actual and proposed regulatory responses to the crisis, including the many actions of the banking, securities and futures regulators and the legislative proposals and actions of Congress and the Treasury. We will examine the Dodd-Frank Act of 2010 and the ongoing rulemaking that is shaping its implementation.

This course may satisfy the Writing Requirement.

Exam Notes: P
Course Category: Business Law
This course is cross-listed in the following categories:
Law and Economics

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Syllabus

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