Regulation of Global Financial Markets

We will consider how US and international regulatory bodies respond to economic trends and shocks.  How should we regulate international financial markets to respond to urgent and changing social needs?

We start with an overview of the U.S. economic policy and regulatory framework and the components of the international framework for economic cooperation, including the G7 and G20, IMF and World Bank.

We then consider how these laws and institutions should respond to pressing issues:  (1) financial crises and the Covid-19 shock; (2) economic inequality and discrimination; (3) the ESG movement; (4) the proliferation of crypto assets; (5) terrorist financing and money-laundering; and (6) international conflict and statecraft (as in the war in Ukraine or tension between US and China).

Course open to GSB students.

LAW 1081 | 2 Units | Grading: Law Mandatory P/R/F

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  • Former Chairman of the Securities and Exchange Commission

Jay Clayton served as the Chairman of the U.S. Securities and Exchange Commission from May 2017 to December 2020. He is a Senior Policy Advisor and Of Counsel at Sullivan & Cromwell LLP, advising companies on strategic, crisis management and corporate governance matters.

  • Partner, Sullivan and Cromwell

Recognized by Euromoney Legal Media Group as a “Rising Star in Finance” in 2018, Sarah Payne is managing partner of Sullivan & Cromwell’s Palo Alto office and is co-head of the Capital Markets Group and Technology M&A and Finance Group. Sarah has a broad-based corporate practice advising clients on a wide range of transactions, focusing on public and private securities offerings and public and private company mergers and acquisitions.