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Derivative Deregulation Caused Crash: Can More Deregulation Prevent Another?
Wednesday, March 31, 2010
12:00 pm – 1:30 pm
Lynn A. Stout
Professor of Law, UCLA School of Law
Chair: Adrianne Regrutto
Speculative bubbles inflate and burst for many reasons. Sometimes those reasons are demographic and economic changes, and sometimes changes in law and regulation. The legalization of off-exchange derivatives trading through the Commodity Futures Modernization Act (CFMA) of 2000 was a major, if still generally unappreciated, cause of the collapse of several major US investment banks in the fall of 2008.
But is the solution to re-regulate? Join veteran journalist Cynthia Harrington, CFA, as she interviews legal expert Lynn Stout in what promises to be a lively interchange on one of the regulatory regime changes. Lynn is one of a small cadre of lawyers who specialize in derivative regulation and a member of an even smaller number who warned of the impending doom.
Professor Stout is the Paul Hastings Professor of Corporate and Securities Law at the University of California, Los Angeles School of Law and an internationally recognized expert in the fields of corporate governance, securities regulation, financial derivatives, law and economics, and moral behavior.
Not simply an academic, Professor Stout also serves as Independent Trustee and Chair of the Governance Committee for the Eaton Vance family of mutual funds, and as an Adjunct member of the RAND Corporation. She has also served as Principal Investigator for the UCLA-Sloan Foundation Research Program on Business Organizations; as a member of the Board of Directors of the American Law and Economics Association; as Chair of the American Association of Law Schools Section on Law and Economics; and as Chair of the American Association of Law Schools Section on Business Associations.
Professor Stout has also taught at Harvard Law School, NYU Law School, Georgetown University Law School, and the George Washington University National Law Center, and served as a Guest Scholar at the Brookings Institution in Washington, DC. She holds a B.A. summa cum laude and a Masters in Public Affairs from Princeton University and a J.D. from the Yale Law School.
CFALA Members: $20.00
Time: 12:00pm – 1:30pm, lunch and refreshments to be provided.
Location: California Plaza 2
350 S. Grand Ave, ETC Room (Map)
Los Angeles, CA 90071
Methods of payment accepted: Visa/Mastercard, American Express and Discover. If you prefer to pay by check please register online and select "purchase order" as your payment option and enter your last name as the purchase order number. Mail check to: CFA Society of Los Angeles, 350 S. Grand Ave, Suite 1680, Los Angeles CA 90071.
Credit card payments will not be accepted, nor should be given, by phone or email.