249.7 sec. 001 - Introduction to the New Financial Regulation (Fall 2020)
Instructor: Randall Guynn
Instructor: Jai Massari (view instructor's teaching evaluations - degree students only)
View all teaching evaluations for this course - degree students only
Grading Designation: Credit Only
Due to COVID-19, this class is remote for Fall 2020.
Mode of Instruction: Remote Instruction
Th 6:25 PM - 9:05 PM
F 10:00 AM - 12:00 PM
F 3:10 PM - 6:10 PM
Sa 09:00 AM - 12:00 PM
Sa 1:30 PM - 4:10 PM
Course End: October 10, 2020
Class Number: 32618
Enroll Limit: 35
As of: 12/07 09:41 AM
The 2008 financial crisis spawned the biggest explosion of financial regulation since the Great Depression. The Dodd-Frank Act alone generated over 25,000 pages of new regulations. In addition, the global coordination of this new regulation has been unprecedented. The stated purpose of most of the new regulation around the world has been to make the global and domestic financial systems safer. The primary focus has been on reducing the probability of bank failures by subjecting the largest, most complex and global banking groups to substantially higher capital, liquidity, stress testing and other prudential requirements, imposing new restrictions on their activities and size, and insulating deposit banking from investment banking. Another important focus has been on developing new legal tools and banking structures that will make banks safe to fail without the need for government bailouts.
This course will introduce students to the most important provisions of the Dodd-Frank Act and their counterparts around the world. It will also involve a lively debate (we hope) about whether the new regulations have made the system safer, what the tradeoffs are between safety and economic growth, and whether the new regulations strike the right balance. We will also discuss the next frontier of financial regulation and questions raised by financial technology and new entrants into financial services markets.
The course will meet over three days:
Thursday, October 8th from 6:25-9:05pm
Friday, October 9th from 10:00-12:00pm and 3:10-6:10pm
Saturday, October 10th from 9:00-12:00 and 1:30-4:10pm
The instructors for this course are Randall Guynn and Jai Massari. Randy is a partner at Davis Polk & Wardwell and has been head of its Financial Institutions Group since 1994. He is widely regarded as one of the nation’s leading banking lawyers and a thought leader in financial regulatory reform. He was named the most highly regarded banking lawyer in the world in 2014 and 2017 by the International Who’s Who of Banking Lawyers and one of the 10 most innovative lawyers in the U.S. by the Financial Times in 2013. He is currently ranked as a star banking lawyer in Chambers USA. He has published several books and articles, most recently a book co-authored with U.K lawyer Simon Gleeson and published by Oxford University Press on solving the too-big-to-fail problem. He is also the editor of Regulation of Foreign Banks & Affiliates in the United States, soon to be in its 9th edition. He graduated from UVa law in 1984, and was a law clerk for Justice William H. Rehnquist and 9th Circuit Judge J. Clifford Wallace.
Jai is Partner in the Washington, D.C. office of Davis Polk and is a member of its Financial Institutions Group and the Trading and Markets Practice. Since beginning her law practice in 2007, she has represented banking organizations, industry organizations, asset managers, and other financial market participants, focusing on financial regulatory reform. She also advises on the financial regulation of fintech activities, including payments and digital asset activities. Jai received her law degree from the Duke University School of Law.
The course will meet over three days.
Real-time attendance at the first Zoom class is mandatory for all currently enrolled and waitlisted students; any currently enrolled or waitlisted students who are not present on the first day of class (without prior permission of the instructor) will be dropped. The instructor will continue to take attendance throughout the add/drop period and anyone who moves off the waitlist into the class must continue to attend or have prior permission of the instructor in order not to be dropped.
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A reader will be used in this class.
Instructor has indicated that no books will be assigned.