Apart from their assigned mod courses, 1L students may only enroll in courses offered as 1L electives. A complete list of these courses can be found on the 1L Elective Listings page. 1L students must use the 1L class number listed on the course description when enrolling.
247.1 sec. 001 - Regulation of Capital Markets and Financial Institutions (Spring 2021)
Instructor: Mark Perlow (view instructor's teaching evaluations - degree students only | profile)
View all teaching evaluations for this course - degree students only
Grading Designation: Graded
Mode of Instruction: Remote Instruction
W 6:25 PM - 8:15 PM
From January 20, 2021
To April 30, 2021
Course End: April 30, 2021
Class Number: 32101
Enroll Limit: 24
As of: 05/08 05:45 AM
This course will address the institutional and regulatory framework of the US capital markets and the role that financial institutions, particularly investment banks, investment funds and derivatives dealers, perform in these markets. We will study the legal, political and regulatory structures that reinforce the prominence of capital markets in the US financial system. The course will provide an overview of the functions and regulation of banks, exchanges, over-the-counter markets, broker-dealers, institutional investors, mutual and hedge funds, retail investment advice, securitization, and futures and derivatives markets. We also will cover a series of case studies that illustrate the features and weaknesses of the US regulatory system, including the rise and fall (and rise again) of securitization, failures in investment banks and financial holdings companies, energy and credit derivatives, the modern mortgage market, money market funds and hedge funds, and challenges presented by technology to equity and debt market structure. We will study the fragmented US regulatory system, including the division of regulatory responsibilities under the Gramm-Leach-Bliley and Dodd-Frank Acts, as well as the actions and varying (and often conflicting) policy purposes of the banking, securities and derivatives regulators and other legislative proposals and actions of Congress and the Treasury.
This course is intended to provide students with an overview of the US financial system. It does not cover the same material or the same details as specific courses in corporate, securities, banking or Consumer Financial Regulation (749.1).
Exam Notes: (P) Final paper
Course Category: Business Law
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Instructor has indicated that no books will be assigned.