Financial Regulation (3 credits)

The purpose of this seminar is to study the regulation of financial institutions. We will pay special attention to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Issues covered include: the causes of financial crises; the role of governments in regulating financial institutions, and of markets in meeting regulatory shortfalls; coordination between international financial regulators; the “too-big-to-fail” problem; risk management; financial derivatives, including mortgage-backed securities and other asset-backed securities; the role of rating agencies; the regulation of hedge funds; and consumer protection. This course may fulfill the upper-level writing requirement. Co-requisite: Must have taken Corporations (or Business Associations) or be taking it concurrently.