Regulation of Global Financial Markets

Catalog description

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 an d money-laundering; and (6) international conflict and statecraft (as in the war in Ukraine or tension between US and China). Elements used in grading: Attendance, class participation and a group in class presentation on a topic of the group's choice. Interested SLS students should complete and submit an S-Term Course Selection Form 2023 available at https://law.stanford.edu/education/s-term/) by April 25, 2023. Forms received after the deadline will be processed on a rolling basis until the class is full. Course open to GSB students with consent of the instructor. See Non-Law Student Registration at https://law.stanford.edu/education/courses/non-law-students/. S-Term early start for Autumn Quarter. Class meets 9:00AM-12:00PM on September 14, 15, 18, 19, 20, & 21.