WELCOME

The Committee on Capital Markets Regulation is an independent and nonpartisan 501(c)(3) research organization dedicated to improving the regulation of U.S. capital markets.  Twenty-seven leaders from the investor community, business, finance, law, accounting and academia comprise the Committee’s membership.  The Committee co-Chairs are Glenn Hubbard, Dean of Columbia Business School, and John L. Thornton, Chairman of the Brookings Institution.  The Committee’s Director is Professor Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School. 

The Committee’s initial focus was the competitiveness of U.S. public equity markets.  In November 2006, with the encouragement of Treasury Secretary Paulson, the Committee produced its Interim Report regarding U.S. competitiveness.  The Interim Report assessed U.S. competitiveness and offered a series of reforms—several of which have been subsequently implemented—to improve U.S. competitiveness.  Last December, the Committee released a new report—“The Competitive Position of the U.S. Public Equity Market”—updating various measures of U.S. competitiveness.  Both reports, as well as measures of competitiveness updated on a quarterly basis, are available on the Committee’s website.  The Committee continues to press for further reforms, particularly with respect to litigation and the regulatory process at the SEC.