Financial Risk and Regulation: Unfinished Business
March 27, 2012
Weil, Gotshal & Manges LLP
767 5th Avenue New York, New York 10153
Weil, Gotshal & Manges LLP
767 5th Avenue New York, New York 10153
Charles W. Calomiris is Henry Kaufman Professor Emeritus of Financial Institutions in the Faculty of Business and Professor Emeritus of International and Public Affairs at Columbia Business School, Director of the Business School’s Program for Financial Studies Initiative on Finance and Growth in Emerging Markets, and a professor at Columbia’s School of International and Public Affairs. His research spans the areas of banking, corporate finance, financial history, and monetary economics.
Mark Carey is Senior Adviser in the Division of International Finance at the Federal Reserve Board in Washington, DC. He is also co-director of the National Bureau of Economic Research’s Risks of Financial Institutions Working Group, which is a mixed group of academics and financial professionals that focuses on risk management at financial firms. Much of his recent work has been on risk-taking incentives associated with employee compensation practices in the financial services industry and on issues related to systemic risk. Earlier, he was a founding-father of Basel 2.&n
Stijn Claessens is Assistant Director in the Research Department of the International Monetary Fund where he heads the Macro-Financial Unit. Dr. Claessens, a Dutch national, holds a Ph.D. in business economics from the Wharton School of the University of Pennsylvania (1986) and M.A. from Erasmus University, Rotterdam (1984). He started his career teaching at New York University business school (1987) and then worked for fourteen years at the World Bank in various positions (1987-2001).
H. Rodgin Cohen is a partner and senior chairman at Sullivan & Cromwell LLP. He was chairman of the Firm from July 1, 2000 through December 31, 2009 and has served as its senior chairman since January 1, 2010.
Asli Demirgüç-Kunt is the Director of Development Policy in the World Bank's Development Economics Vice Presidency (DEC), and Chief Economist of the Financial and Private Sector Network (FPD). After joining the Bank in 1989 as a Young Economist, she has been in different divisions of the Research Group, working on financial sector issues and advising on financial sector policy. She is the lead author of the World Bank Policy Research Report 2007, Finance for All? Policies and Pitfalls in Expanding Access.
Lawrence R. Glosten is the S. Sloan Colt Professor of Banking and International Finance at Columbia Business School. He is also co-director (with Merritt Fox and Ed Greene) of the Program in the Law and Economics of Capital Markets at Columbia Law School and Columbia Business School and is an adjunct faculty member at the Law School. He has been at Columbia since 1989, before which he taught at the Kellogg Graduate School of Management at Northwestern University, and has held visiting appointments at the University of Chicago and the University of Minnesota.
Harvey J. Goldschmid is Dwight Professor of Law at Columbia Law School. He has served as Dwight Professor since 1984, and was an Assistant Professor (1970-71), an Associate Professor (1971-73), and a Professor of Law (1973-84) at Columbia. He is also Senior Counsel at the law firm of Weil, Gotshal & Manges. From 2002-05, Professor Goldschmid served as a Commissioner of the United States Securities and Exchange Commission, and in 1998-99, he was the SEC’s General Counsel (chief legal officer); from January 1 to July 15, 2000, he was Special Senior Advisor to SEC Chairman Arthur Levitt.
Richard J. Herring is Jacob Safra Professor of International Banking and Professor of Finance at The Wharton School, University of Pennsylvania where he is also Co-Director of The Wharton Financial Institutions Center. From 2000 to 2006 he served as Director of The Lauder Institute of Management and International Studies, a dual degree program that combines a Wharton MBA with a Masters in International Studies. From 1995 to 2000, he served as Vice Dean and Director of Wharton’s Undergraduate Division.
Professor Hubbard is a specialist in public economics, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 100 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has authored The Wall and the Bridge and coauthored Balance, The Aid Trap, and Healthy, Wealthy, and Wise.
Henry Kaufman is president of Henry Kaufman & Company, Inc., an investment management and economic and financial consulting firm. For 26 years, Dr. Kaufman worked for the Wall Street investment bank Salomon Brothers, where he was managing director, a member of the executive committee and ran the firm's four research departments. He was also a vice chairman of Salomon Brothers' parent company. Before joining Salomon Brothers, Dr. Kaufman was an economist at the Federal Reserve Bank of New York. Dr. Kaufman received a B.A. in economics from New York University, an M.S.
Christopher Mayer is the Paul Milstein Professor Emeritus of Real Estate at Columbia Business School. His research explores a variety of topics in real estate and financial markets, including housing cycles, mortgage markets, debt securitization, and commercial real estate valuation. Dr. Mayer is also CEO of Longbridge Financial, an innovative reverse mortgage company focused on delivering responsible home equity products to older Americans to help finance retirement.
Dr. Loretta J. Mester is an executive vice president and director of research at the Federal Reserve Bank of Philadelphia. As director of research, she heads a staff of economists and analysts who conduct research on macroeconomics, banking, payments, finance, and the regional economy, and she attends meetings of the Federal Open Market Committee in Washington, D.C., with the Bank’s president.
Harvey R. Miller is a partner in the New York City based international law firm of Weil, Gotshal & Manges, LLP where he had been a member of the firm’s management committee for over 25 years and created and developed the firm’s Business Finance & Restructuring department specializing in reorganizing distressed business entities.
Ira M.
Ed Morrison is an expert in corporate finance and restructuring, household finance and consumer bankruptcy, and contract law. He is co-editor of the Journal of Legal Studies.
Katharina Pistor is Michael I. Sovern Professor of Law at Columbia Law School, Director of the School’s Center on Global Legal Transformation and serves as a member of Columbia University’s Committee on Global Thought. She previously taught at the Kennedy School of Government, and worked at the Max Planck Institute for Foreign and International Private Law in Hamburg, Germany and the Harvard Institute for International Development. Her research focuses on the development of legal institutions in the context of social and economic transformations. In the 1990s Dr.