Nov 7, 2016 | Financial Stability, Report
The heart of the U.S. 2008 financial crisis and others in the past, here and worldwide, has been systemic risk in the form of contagion. As detailed in my book, Connectedness and Contagio (M.I.T. Press 2016), the U.S. crisis was successfully stemmed with three...
Oct 28, 2016 | Uncategorized
CAMBRIDGE, Mass., October 28, 2016—U.S. capital market competitiveness exhibited continuing weakness through the third quarter of 2016. “The competitive landscape of U.S. capital markets continues to disappoint,” said Harvard Law Professor Hal S. Scott, Director of...
Oct 14, 2016 | Capital Markets, Financial Stability, Op-Ed
By HAL S. SCOTT and JOHN GULLIVER Originally published by CNBC on October 14, 2016 A new Securities and Exchange Commission rule goes into effect Friday that can restrict investors from withdrawing their cash from the money-market funds that were at the heart of the...
Oct 13, 2016 | Capital Markets, Letter
Today the Committee submitted a comment letter to the U.S. Securities & Exchange Commission regarding the Chicago Stock Exchange’s proposed access delay. The letter is available here.
Oct 6, 2016 | Banking, Financial Stability, Op-Ed
By JAMES B. STEWART Originally published in the New York Times on October 6, 2016 All it took was the threat of a $14 billion fine against Deutsche Bank for the word “contagion” to rear its ugly head. Global markets have been shaken up in recent weeks over...
