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.
247.12 sec. 001 - Principles of Financial Regulation (Spring 2025)
Instructor: Mark D Perlow (view instructor's teaching evaluations - degree students only | profile)
Instructor: Veronica Aoki Santarosa
View all teaching evaluations for this course - degree students only
Units: 2
Grading Designation: Graded
Mode of Instruction: In-Person
Meeting:
W 6:25 PM - 8:15 PM
Location: Law 113
From January 15, 2025
To April 23, 2025
Course End: April 23, 2025
Class Number: 33256
Enrollment info:
Enrolled: 20
Waitlisted: 3
Enroll Limit: 20
As of: 11/22 03:25 AM
The 2007-2009 global financial crisis was followed by a major policy effort to restructure and improve the U.S. financial regulatory system with the enactment of the Dodd-Frank Act of 2010 and the subsequent actions of U.S. regulators. This survey course is designed to be a comprehensive overview of the foundational structures, principles, policies and regulations that govern U.S. financial institutions and markets in the aftermath of the most systemic crisis in the last 70 years.
The course will examine the development of the “safety and soundness” regulation and prudential supervision of banks and bank holding companies, the evolving role of banking regulators, and the resolution regime for failed banks. We also will study the legal, political and regulatory structures that reinforce the prominence of capital markets in the U.S. financial system, and the increasing prominence of private markets. We also will study fintech and the promise and challenges presented by financial innovation and technology to markets, firms and the regulatory system, noting both the extensive history of technology in the financial markets and the current and potential future impact of digitalization, and particularly artificial intelligence, in financial services. The course will provide an overview of the functions and regulation of investment banks, exchanges, over-the-counter markets, institutional and “retail” investors, public and private investment funds, and derivatives markets. We also will cover a series of events and case studies that illustrate the evolution, features and weaknesses of the U.S. regulatory system, including the “meme stock” phenomenon, the rise of ESG, crypto/digital assets, “flash crashes” in the markets, and failures in investment banks and financial holding companies, money market funds and hedge funds. We will study the fragmented U.S. 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 securities, derivatives and banking regulators and other legislative proposals and actions of Congress and the Treasury.
This course is intended to provide students with an overview of the financial regulatory 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).
|
Requirements Satisfaction:
|
Exam Notes: (None) Class requires a series of papers, assignments, or presentations throughout the semester
(Subject to change by faculty member only through the first two weeks of instruction)
Course Category: Business Law
If you are the instructor or their FSU, you may add a file like a syllabus or a first assignment to this page.
Readers:
No reader.
Books:
Instructor has not yet confirmed their textbook order, please check back later.