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. Thirty-two 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 is 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.
