Committee on Capital Markets Regulation

The Committee on Capital Markets Regulation is an independent and nonpartisan 501(c)(3) research organization dedicated to improving the regulation of U.S. capital markets.

Background

Twenty-seven leaders from the investor community, business, finance, law, accounting and academia comprise the Committee’s membership. The Committee co-Chairs are Glenn Hubbard, Dean of Columbia Business School, and John L. Thornton, Chairman of the Brookings Institution. The Committee’s Director is Professor Hal S. Scott, Nomura Professor and Director of the Program on International Financial Systems at Harvard Law School. The Committee’s research regarding the regulation of U.S. capital markets provides policymakers with a nonpartisan, empirical foundation for public policy.^[1]

Recommendations

The Global Financial Crisis: A Plan for Regulatory Reform

The Committee determined four critical objectives based upon a year of observation and research into the financial crisis that are further broken down into 57 specific recommendations.^[2] These four objectives are:

1. Reduced systemic risk through more sensible and effective regulation.
2. Increased disclosure to protect investors and stabilize the market.
3. A unified regulatory system where lines of accountability are clear and transparency in improved.
4. International regulatory harmonization and cooperation.

Committee Members^[3]

• William J. Brodsky, Chairman & CEO, Chicago Board Options Exchange; Chairman, World Federation of Exchanges
• Roel C. Campos, Partner in Charge, Cooley Godward Kronish LLP; Former Commissioner, Securities and Exchange Commission
• Peter C. Clapman, President & CEO, Governance for Owners USA Inc.
• Alexander M. Cutler, Chairman & CEO, Eaton Corporation
• Samuel A. DiPiazza, Jr. Former Global CEO, PricewaterhouseCoopers
• Daniel L. Doctoroff, President, Bloomberg L.P.
• Scott C. Evans, Executive Vice President of Asset Management,TIAA-CREF
• William C. Freda Vice Chairman & U.S. Managing Partner, Deloitte
• Robert R. Glauber, Visiting Professor, Harvard Law School; Former Chairman & CEO, NASD
• Robert Greifeld, CEO, The NASDAQ OMX Group, Inc.
• Kenneth C. Griffin, President & CEO, Citadel Investment Group LLC
• R. Glenn Hubbard, Dean, Columbia Business School; Russell L. Carson Professor of Finance and Economics;(Co-Chair)
• Abigail P. Johnson, President, Personal and Workplace Investing Unit, Fidelity Investments
• Steve A. Odland, Chairman & CEO, Office Depot
• William G. Parrett, Former CEO, Deloitte; Chairman, United States Council for International Business (USCIB)
• Robert C. Pozen, Chairman, MFS Investment Management
• Edward J. Resch, Executive Vice President & CFO, State Street Corporation
• Wilbur L. Ross, Jr., Chairman & CEO, WL Ross & Co. LLC
• James F. Rothenberg, Chairman and PEO, Capital Research & Management Company
• Thomas A. Russo, Senior Counsel, Patton Boggs LLP; Adjunct Professor, Columbia University Graduate School of Business
• Hal S. Scott, Nomura Professor and Director of Program on International Financial Systems, Harvard Law School; (Director)
• Leslie N. Silverman, Partner, Cleary Gottlieb Steen & Hamilton LLP
• Paul E. Singer, General Partner, Elliott Management Corporation
• John L. Thornton, Chairman, The Brookings Institution (Co-Chair)
• Peter Tufano, Sylvan C. Coleman Professor of Financial Management, Harvard Business School
• Laura D. Tyson, S.K. and Angela Chan Professor of Global Management, Haas School of Business, University of California, Berkeley
• Luigi Zingales, Robert C. McCormack Professor of Entrepreneurship and Finance, Booth School of Business, University of Chicago

External links

• Committee on Capital Markets Regulation

References