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-nine 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 research regarding the regulation of U.S. capital markets provides policymakers with a nonpartisan, empirical foundation for public policy.

NEWS

2/4/10 Hal S. Scott testifies at the Senate Banking Committee Hearing on the “Implications of the ‘Volcker Rules’ for Financial Stability." Click here to view testimony.

12/11/09 Do We Really Need a Systemic Regulator? PDF
By Hal S. Scott
Published by the Wall Street Journal

12/1/09 Q3 2009 Competitiveness Update Press Release PDF

11/10/09 Letter to Chairman Frank regarding the use of non-GAAP methodology PDF

9/23/09 Markets are the best judge of bank capital PDF
By Andrew Kuritzkes and Hal S. Scott
Published by the Financial Times

9/22/09 Q2 2009 Competitiveness Update Press Release PDF

9/15/09 Committee Commissioned Study by Professor Gregory S. Miller Finds Net Benefits of Properly Done Management Forecasts of Earnings

8/21/09 The Fed's independence is at risk PDF
By R. Glenn Hubbard, Hal Scott, and John Thornton
Published by the Financial Times

8/9/2009 FDIC comment letter Regarding Proposed Statement of Policy on Qualifications for Failed Bank Acquisitions

7/28/2009 Hal S. Scott testifies before the Committee on Banking, Housing and Urban Affairs on regulatory modernization as it relates to the insurance industry. Click here to view testimony.

7/24/09 The Fed Can Lead on Financial Supervision PDF
By R. Glenn Hubbard, Hal Scott, and John Thornton
Published by the Wall Street Journal

7/21/09 Q1 2009 Competitiveness Update PDF

6/16/09 Statement by Hal Scott on the Obama Adminstration’s “White Paper” PDF

6/10/09 Committee on Capital Markets Regulation releases Coates Recommendations on Mutual Funds and Other Collective Investments PDF

5/26/09
Committee on Capital Markets Regulation releases, "The Global Financial Crisis: A Plan for Regulatory Reform"

May 26 Press Release PDF

3/24/09 Continued Erosion in Competitiveness of U.S. Public Equity Market was Among the Few Clear Trends During 2008 Market Chaos PDF

2/13/09 Committee on Capital Markets Regulation Completes Survey Regarding the Use by Foreign Issuers of the Private Rule 144A Equity Market PDF

1/14/09 Committee on Capital Markets Regulation Releases Recommendations for Reorganizing the U.S. Regulatory Structure PDF