Roundtable at Yale to Assess Prospects for U.S. Financial Reform
Three widely respected financial experts—Wall Street Economist Stephen Roach, Yale Professor Robert Shiller and former Dean of the Stern School of Business at NYU Thomas Cooley—will join the Director of the Yale Center for the Study of Globalization and former President of Mexico Ernesto Zedillo at Yale on September 15 for a discussion of the recently passed U.S. Financial Reform Act.
Sponsored by the Yale Center for the Study of Globalization, the free and public roundtable discussion will take place in the auditorium of Luce Hall, 34 Hillhouse Avenue, at 4 p.m.
The Program, titled “U.S. Financial Reform, The Dodd-Frank Act: Will It Work?” is a unique forum of experts on financial system reform to assess the landmark Dodd-Frank and Consumer Protection Act, which President Obama signed into law on July 21, 2010.
Shiller, the Arthur M. Okun Professsor of Economics at Yale, is widely respected for his pioneering research in financial economics and co-founder of the Case-Shiller Index. His recently edited “Squam Lake Report: Fixing the Financial System” was published in June. Roach served as Chairman of Morgan Stanley Asia and is now a Senior Research Fellow at the Jackson Institute for Global Affairs at Yale. Cooley is the Paganelli-Bull Professor of Economics at the New York University Stern School of Business and, until January of this year, its Dean. He is currently editing and writing the book “Regulating Wall Street: The New Architecture of Global Finance.” Zedillo, the panel moderator, is the Frederick Iseman ’74 Director of the Yale Center for the Study of Globalization. As President of Mexico, Zedillo successfully brought his country out of the peso crisis of 1994.
The Dodd-Frank Wall Street Reform and Consumer Protection Act affects almost every aspect of the U.S. financial services industry. The objectives ascribed to the Act by its proponents in Congress and by the President include restoring public confidence in the financial system, preventing another financial crisis, and allowing any future asset bubble to be detected and deflated before another financial crisis ensues.
The Dodd-Frank Act puts into effect a profound increase in regulation of the financial services industry. The Act gives U.S. governmental authorities more funding, more information and more power, contend forum organizers.
The Yale Center for the Study of Globalization studies the impact of our increasingly integrated world on individuals, communities and nations, and serves as a link between Yale and the world of public policy. For more information please call 432-1904.