Center on Finance, Law and Policy
The financial crisis of 2007-2009 devastated the U.S. and global economy and laid bare the weaknesses at the foundation of financial decision-making, regulation and policy. In the wake of the crisis, financial institution management, financial regulation and financial policy have begun to be re-thought. In the United States, Congress has passed a set of reforms known as the Dodd-Frank Act, while in Europe, reforms have begun to be put in place through a series of new directives, and globally, institutions such as the Financial Stability Board and the Basel Committee on Banking Supervision have stepped up efforts to establish stronger capital and liquidity requirements and other measures. In many ways, however, the new thinking on reducing systemic risk in the financial system has just begun. This project will explore establishing a Center on Finance, Law and Policy as an interdisciplinary locus for the study of these central problems.
Presented at the Capital Matters: Race, Gender and Entrepreneurship Conference, Samuel DuBois Cook Center on Social Equity, Duke University, Durham, NC.