The Political Economy of Financial Regulation

Presented by: the George Washington University Center for Law, Economics & Finance (C-LEAF), the Insurance Law Center at the University of Connecticut School of Law, the Center for Banking and Finance at the University of North Carolina School of Law, and the Institute for Law and Economic Policy.

Thursday and Friday, February 7 and 8, 2013
The George Washington University Law School

For better or worse, the direction of financial regulatory reform post-crisis is not just the product of competing substantive views on the merits of regulatory choices. It is also the product of competing interests -- with competing pocketbooks. In a context here those who are regulated hold vastly greater resources than others whose livelihoods depend as much or more on sound regulation, it is imperative to ask whether the rules reflect those inequalities. This conference brings together legal scholars, regulators, judges, practitioners, economists, political theorists and other social scientists to discuss the role of the political process in financial services regulation and the role of money in both.

Conference Brochure


Thursday, February 7

9:30 am: Registration

10:15 am: Welcoming Remarks: Gregory Maggs, Interim Dean;
Arthur E. Wilmarth, Jr., Executive Director, C-LEAF

10:30 am:  Keynote Address

Simon Johnson, Ronald A. Kurtz (1954) Professor of Entrepreneurship, MIT Sloan School of Management

View the Welcoming Remarks and Keynote Address

11:20 am: Break

11:30 am: Panel Discussion

"Regulatory State, Capture, and Financial Regulatory Reform"

View the panel video


  • Rachel E. Barkow, New York University School of Law
  • Cristie Ford, University of British Columbia Faculty of Law
  • Jacob Gersen, Harvard Law School
  • Sanford Gordon, New York University, Department of Politics

Moderator:  Lissa Lamkin Broome, University of North Carolina School of Law

12:50–1:50 pm: Luncheon, book signing by speakers
Faculty Conference Center

2 pm: Panel Discussion

"Capture Dynamics in Agencies"

View the panel video


  • Gerard Caprio, Williams College, Department of Economics
  • Harvey J. Goldschmid, Columbia Law School
  • Robert Jenkins, Bank of England
  • Brett McDonnell, University of Minnesota Law School

Moderator: Howell Jackson, Harvard Law School

3:45 pm: Break

4 pm: Panel Discussion     

"Financialization, Economic Opportunity, and the Future of American  Democracy"

View the panel video  


  • Robert C. Hockett, Cornell Law School
  • Tim Noah, The New Republic
  • Marc Schneiberg, Reed College, Department of Sociology
  • Don Tomaskovic-Devey, University of Massachusetts Amherst, Department of Sociology

Moderator: Patricia A. McCoy, University of Connecticut School of Law

Friday, February 8

8 am: Continental Breakfast

8:30 am: Panel Discussion

"Financial Regulatory Reform: Politics, Implementation, Alternatives"

View the panel video


  • Anat Admati, Stanford University, Graduate School of Business
  • Dan Carpenter, Harvard University, Department of Government
  • Martin Hellwig, Max Planck Institute for Research on Collective Goods
  • Michael W. Taylor, Financial Stability Board

Moderator: Saule T. Omarova, University of North Carolina School of Law

10:10 am: Break

10:20 am: Keynote Address 

Michael S. Barr, University of Michigan Law School

View the address  

11 am: Panel Discussion

"Political Accountability, Campaign Finance, and Regulatory Reform"

View the panel video


  • Catherine Hafer, New York University, Department of Politics
  • James Kwak, University of Connecticut School of Law
  • Heidi Mandanis Schooner, Catholic University of America, Columbus School of Law
  • Michael Waldman, New York University School of Law, Brennan Center for Justice

Moderator:  Ed Labaton, Labaton & Sucharow LLP and Institute for Law & Economic Policy

12:15 pm: Luncheon

1 pm: Keynote Address: (CANCELLED) The Manuel F. Cohen Lecture

Joseph E. Stiglitz, Columbia University, Department of Economics

Please note: The 1 pm lecture by Joseph Stiglitz on Friday, February 8 was cancelled due to bad weather that prevented Professor Stiglitz from traveling to Washington.

2:15 pm: Concluding Panel Discussion     

"The Future Direction of Financial Regulation after the 2012 Election"

View the panel video


  • Lawrence G. Baxter, Duke Law School
  • James D. Cox, Duke Law School
  • Michael Greenberger, University of Maryland School of Law
  • Stephen Labaton, RLM Finsbury 
  • Frank Partnoy, University of San Diego School of Law

Moderator:  Arthur E. Wilmarth, Jr., The George Washington University Law School 

The papers from the conference will be published in a special edition of the North Carolina Banking Institute Journal.  You may order an advance copy by contacting

We are grateful for the support of our sponsors.  Those interested in sponsoring the program may contact Lissa Broome, University of North Carolina School of Law, at or at 919-962-7066 for more information.

Spotlight Item

GW Law Portal Apply