Founded in 2006, the Committee on Capital Markets Regulation is dedicated to enhancing the competitiveness of U.S. capital markets and ensuring the stability of the U.S. financial system.
Our reports and releases provide lawmakers and regulators with concrete policy recommendations based on rigorous empirical research. We support the use of robust cost-benefit analysis as a critical component of financial regulatory reform.
Our membership includes thirty-two leaders drawn from the finance, investment, business, law, accounting, and academic communities. The Committee is chaired jointly by Glenn Hubbard (Dean, Columbia Business School) and John L. Thornton (Chairman, The Brookings Institution) and directed by Prof. Hal S. Scott (Nomura Professor and Director of the Program on International Financial Systems, Harvard Law School).
The Committee is an independent and non-partisan 501(c)(3) research organization, financed by contributions from individuals, foundations, and corporations.
Recent Research Highlights
The Committee’s research regarding the regulation of U.S. capital markets provides policymakers with a nonpartisan, empirical foundation for public policy.
- Comment Letters: The Committee issues comment letters in response to proposed rules under Dodd-Frank, including the Volcker Rule, the Federal Reserve’s Enhanced Prudential Standards and FSOC’s Authority to Require Supervision and Regulation of Certain Nonbank Financial Companies (SIFIs).
- Cost-Benefit Analysis: The Committee recently completed a review of the cost-benefit analysis provisions in proposed and final rules under Dodd-Frank.
- Capital Study: The Committee is engaged in a study on enhancing the use of market discipline in determining sound levels of capitalizations for financial institutions.
- Interconnectedness and Contagion: The Committee is examining the contributions of interconnectedness and contagion to the financial crisis, and policy initiatives in response to the crisis.