Committee on Capital Markets Regulation

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Committee on Capital Markets Regulation
Founded 2006
Headquarters Cambridge, MA
Products Independent research
Web site www.capmktsreg.org

The Committee on Capital Markets Regulation (CCMR) is an independent and nonpartisan 501(c)(3) research organization that has the aim of improving the regulation of U.S. capital markets.[1]

The Committee’s initial focus was the competitiveness of U.S. public equity markets. In November 2006, with the encouragement of U.S. Treasury Secretary Henry Paulson, the committee produced an interim report regarding U.S. competitiveness.[2]The CCMR extended its competitiveness analysis to the derivatives markets.

In the wake of the global financial crisis which began in 2007, the Committee on Capital Markets Regulation offered 57 recommendations including a reduction in the number of regulatory bodies, giving the Federal Reserve added power and creating a single U.S. Financial Services Authority with the powers now held by bank, securities and commodities regulators.[3]

History

The committee is a nonpartisan group of 25 executives, investors and academics whose efforts were endorsed by former Treasury Secretary Henry Paulson.

The work of the committee was organized into five task forces comprised of prominent academics and professionals specializing in law and finance (including Harvard Law, Harvard Business and Kennedy School professors) and supported by a team of Harvard Law School student research assistants.

Products and Services

Resources

Key People

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.[4]

Committee Members

References

  1. Welcome. Committee On Capital Markets Regulation.
  2. Has Corporate America No Shame? Or No Memory?. The New York Times.
  3. U.S. Financial Rules Need Overhaul, Fewer Agencies, Group Says. Bloomberg.
  4. The Global Financial Crisis: A Plan for Regulatory Reform. Committee On Capital Markets Regulation.