Capital Markets Regulation
BGP 264
Subject & Catalog Number
Course Information
Description
This course examines important current issues in the regulation of the U.S. capital markets and the financial systemSpecific topics will likely include: mechanisms for controlling risk in financial institutions, particularly capital and liquidity requirements; the unique problem of systemic risk; environmental, social, and governance (ESG) issues; dealing with illiquid and insolvent institutions, including resolution authority; optimal regulatory structure and use of cost-benefit analysis; market microstructure for securities trading; the rise and regulation of private markets, regulation of derivatives trading; ; the Shadow Banking System; Federal Reserve measures during the COVID-19 and 2023 banking crises; and recent trends in FinTech and digital currencies. Classes will be primarily based on lectures and interactive discussion and will also include regular guest speakers. Required written work will be a final take-home examination, with a week between distribution and due date.
Course Notes
This course was previously offered jointly by the Kennedy School and Law School. It may be of particular interest to students at the Kennedy School, Law School and Business School.
Class Notes
This course has an in-person final exam during the December 9-18 exam period. Students are responsible for ensuring that they do not register for classes with exams scheduled at the same time. Please refer to the posted final exam schedule.
Recommended Prep
The course assumes a basic understanding of finance and financial markets, but requires no prior professional or academic work in the field.
Available for Harvard Cross Registration
