Tuesday, November 12, 2013

Important New Report on the Future of Financial Regulation

Frank Pasquale

The Roosevelt Institute has released an important report on financial reform. Law professors Stephen Lubben, Jennifer Taub, and Saule Omarova each have important pieces. Wallace Turbeville (an adjunct professor at Maryland, where I teach) continues his essential work on derivatives regulation. There are a wide variety of academic perspectives on Wall Street, but I think this Roosevelt Institute report (as well as a predecessor volume) should be among the most lasting contributions. As the introduction states, the critical issue now is how to develop a financial sector that benefits "the real economy, promoting broad-based prosperity, useful innovation, and productive private and public investments." I'm glad to see such an august and insightful group of commenters weighing in.

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