1. Center Launches New Working Paper Series With Financial Stability Conference Papers

    September 13, 2016

    The Center on Finance, Law, and Policy is pleased to announce the creation of a new Working Paper series, by releasing six working papers produced by scholars as a result of the Center’s 2015 “Interdisciplinary Approaches to Financial Stability” conference held in Ann Arbor, Michigan on October 22-23, 2015.


  2. Paper: A System-Wide Approach to Measure Connectivity in the Financial Sector

    August 17, 2016

    Ever since the Financial Crisis of 2007-2009 devastated the U.S. economy, many have tried to measure systemic risk — that is, the risk that the entire financial system will fail all at once. University of Michigan Finance Professor Amiyatosh Purnanandam has written a paper with Sumantha Basu of the University of California-Berkeley, Sreyoshi Das of the Read more


  3. Article: Is the Regime of Algorithmic Traders Making the Financial World More Dangerous?

    August 10, 2016

    In an article published in The Conversation, Michael Wellman, Lynn A. Conway Collegiate Professor of Computer Science and Engineering at the University of Michigan, considers the role of algorithmic traders (also known as algos, bots, and AIs) as they have replaced human traders and the potential impact this has on the financial system. Building on his research on artificial intelligence and Read more


  4. Big Data Conference Registration Now Available

    August 9, 2016

    Online registration is now available for the University of Michigan’s Center on Finance, Law and Policy’s second annual conference with the federal Office of Financial Research. This year’s theme, “Big Data: Improving the Scope, Quality, and Accessibility of Financial Data” will bring together a wide range of scholars, regulators, policymakers, and practitioners to explore how Big Read more


  5. White Paper: Challenges and Opportunities with Big Data

    August 5, 2016

    University of Michigan’s Bernard A. Galler Collegiate Professor of Electrical Engineering and Computer Science, H.V. Jagadish recently coordinated the publication of a white paper on the research challenges posed by big data.  …”While the promise of Big Data is real…there is currently a wide gap between its potential and its realization. Heterogeneity, scale, timeliness, complexity, and privacy Read more


  6. New Financial Regulation Textbook Available

    August 1, 2016

    Financial Regulation: Law and Policy, a new textbook by the Center on Finance, Law, and Policy’s Faculty Director, Professor Michael Barr, was published by Foundation Press in June 2016 and is now available!  Barr co-authored the textbook with Howell Jackson, Professor of Law at Harvard Law School, and Margaret Tahyar, Partner at Davis Polk & Wardwell LLP Read more


  7. Expanding Financial Inclusion to the Poor

    March 20, 2016

    “The financial crisis of 2008 crushed families, businesses, and the real economy, and laid bare core failings of the financial system.  For the one in seven Americans who lives in poverty, or the millions of Americans who live in fear of falling out of the middle class, these times have been particularly devastating.  These families Read more


  8. CNBC Op-Ed: What Obama still needs to address

    January 12, 2016

    On the morning of President Obama’s final State of the Union speech, CFLP Faculty Director Michael Barr discusses the unfinished work of financial reform in an op-ed posted on cnbc.com: In the past, the financial system has contributed to inequality and retarded equitable growth, rather than facilitating it…. There has been progress under the Dodd-Frank Read more


  9. Recap: Interdisciplinary Approaches to Financial Stability Conference

    November 3, 2015

    On October 22-23, 2015, more than 250 regulators, policymakers, financial market participants, and academic researchers from a broad range of disciplines gathered in Ann Arbor to explore how methods from diverse fields can be used to better identify, measure, monitor, and mitigate risks in the financial system. The conference featured keynotes by Richard Berner (Office Read more


  10. US Senate Committee Testimony: Double Down, Don’t Ease Up, On Global Coordination of Financial Reform

    July 8, 2015

    In testimony submitted to the U.S. Senate Committee on Banking, Housing, and Urban Affairs today, Professor Michael S. Barr argues that the U.S. should not let Wall Street’s arguments for loopholes in global enforcement hamstring meaningful reform. Barr explains why global coordination is key to a safer and fairer financial system: While the process of reaching global Read more