Committee on Capital Markets Regulation

05/23/2013

Check out our new study: alarming competitive weakness in US Capital Markets in Q1 of 2013.

CAMBRIDGE, Mass., May 23, 2013—U.S. capital market competitiveness weakened in the first quarter of 2013, when all 20 of the largest IPOs conducted worldwide occurred outside of the U.S., extending a declining trend in market competitiveness from 2012

05/06/2013

CAMBRIDGE, May 6, 2013—Financial penalties imposed on financial institutions by government agencies totalled $21.8 billion in the first quarter of 2013, an amount representing more than two-thirds of the total financial penalties imposed in all of 2012, according to data released today by the Commit...

04/09/2013

Watch live at 1:15pm tomorrow as CCMR Director Hal Scott discusses "Risk Management or Risk Elimination" at US Chamber of Commerce summit: http://www.capitalmarketssummit.com/

Wednesday, April 10, 2013 8:30 AM – 4:00 PM (EST)*Hall of FlagsU.S. Chamber of Commerce1615 H Street, NWWashington, DC 20062 *Times subject to change

03/15/2013

Committee data reveal dramatic jump in public settlements and regulatory penalties imposed on financial institutions in 2012 and 2013.

01/28/2013

CCMR releases letter on resolution of differences between E.U. and U.S. clearinghouse requirements

CAMBRIDGE, Mass., January 28, 2013—The Committee on Capital Markets Regulation today issued a letter to derivatives regulators comparing proposed E.U. swaps clearinghouse requirements against their U.S. counterparts under Dodd-Frank.

01/16/2013

Hal Scott's Quartz op-ed: "Goldman Sachs did not violate the Volcker Rule (and $1 billion is a drop in the bucket anyway)"

Here’s the secret about that secret Goldman Sachs team that made headlines this week: It’s not really doing anything wrong. Bloomberg News reported that the investment bank is sidestepping the so-called Volcker rule by having a group within the firm, with $1 billion of assets under management, make ...

01/16/2013

Hal Scott's Bloomberg View op-ed: "A Financial-Reform Agenda for Obama’s Second Term"

Despite the exhausting pace of financial regulatory reform in President Barack Obama’s first term, further changes are needed to improve the stability of the financial system and to make the U.S. capital markets more efficient and competitive internationally.

01/07/2013

Hal Scott, president and director of the Committee on Capital Markets Regulation, and Dan Ryan, chairman of PwC's Financial Services Regulatory Practice, talk about the outlook for financial market regulations in 2013. They speak with Betty Liu and on Bloomberg Television's "In The Loop." Bloomberg'...

12/17/2012

Harvard’s Scott Says Company Fines Miss the Target (Audio)

Hal Scott, president and director of Committee on Capital Markets Regulation and a professor at Harvard Law School, says regulators should target individual wrongdoing and not impose fines that only impact shareholders. Scott talks with Bloomberg's Tom Keene on Bloomberg Radio's "Bloomberg Surveillance."

12/10/2012

Latest CCMR study shows some improvement in U.S. public equity capital market competitiveness

CAMBRIDGE, Mass., December 10, 2012—The Committee on Capital Markets Regulation (CCMR), an independent and nonpartisan research organization dedicated to improving regulation and enhancing the competitiveness of U.S. public equity capital markets, today released data from the third quarter of 2012.

11/20/2012

Hal Scott releases discussion paper examining interconnectedness and contagion in the financial system

CAMBRIDGE, Mass., November 20, 2012—Hal S. Scott the Director of the Committee on Capital Markets Regulation (CCMR), an independent and nonpartisan research organization dedicated to improving regulation and enhancing the competitiveness of U.S. capital markets, today released its comprehensive stud...

10/17/2012

Hal Scott on Tarullo's bank size cap

The proposal by Daniel Tarullo could indicate a shift in the debate over "too big to fail" financial institutions.