Are you interested in pursuing a career in public service working on financial issues (i.e., with a regulator, policymaker, or think tank), or headed to a corporate job in financial services (i.e., with a fintech, a law firm, or a financial...
Financial expert and Ford School Professor of Practice Adrienne Harris has been nominated to serve as the Superintendent of the Department of Financial Services by New York Governor Kathy Hochul.
In her new role, Harris will oversee the activities...
Who owns a customer's financial data? How can improvements to payment systems improve the lives of all American families? Ford School of Public Policy Dean Michael S. Barr and co-authors Abigail DeHart (Michigan Law '18) and Andrew Kang (Michigan...
The Center on Finance, Law, and Policy is pleased to announce the release of its summary paper from its fourth annual financial stability conference, co-hosted with the U.S. Office of Financial Research (OFR). This two-day interdisciplinary...
The Center on Finance, Law, and Policy is proud to co-sponsor the Data Privacy and Portability in Financial Technology Symposium. Organized by students from the Michigan Technology Law Review, this event celebrates the law review’s 25th Anniversary...
Washington, D.C. - FDIC Chairman Jelena McWilliams is among the headline speakers who will discuss financial stability risks at the fourth annual financial stability conference hosted by the U.S. Office of Financial Research and the University of...
In a recent Market Watch article focusing on the lack of financial regulations in the housing market, Ford School Dean Michael Barr states that “Our politics in Washington right now are pushing us toward a set of steps that will make the financial...
Dean Michael S. Barr's textbook, Financial Regulation: Law and Policy 2d, written with coauthors Howell Jackson and Margaret Tahyar, will be released on August 6, 2018.
Just two years after the publication of the first edition of Financial...
Faculty Director Michael S. Barr’s textbook, written in conjunction with Howell Jackson and Margaret Tahyar, will be released August 6.
Financial Regulation: Law and Policy, 2d
Only two years after the publication of the first edition...
On March 31, 2017, Center on Finance, Law, and Policy faculty director Michael S. Barr of University of Michigan Law School, well-known Supreme Court and appellate litigator Deepak Gupta, and Georgetown Law professor Adam Levitin, as counsel of...
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...
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...
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...
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...
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....
Professor Jeffery Zhang from Michigan Law will be speaking at our February blue bag lunch talk on Wednesday, February 1 at 12pm. The talk will be virtual on Zoom. Please register here by January 31.
Professor Gabriel Rauterberg explores how the public/private divide in U.S. securities markets interact and questions whether the current structure is socially optimal.
Sixty years ago, Congress established a federal pre-approval regime for bank mergers to protect consumers from then-unprecedented consolidation in the banking sector. This process worked well for several decades, but it has since atrophied, producing numerous “too big to fail” banks.
Professor Kress's research contends that regulators’ current approach to evaluating bank merger proposals is poorly suited for modern financial markets. Policymakers and scholars have traditionally focused on a single issue: whether a bank merger would reduce competition. Over the past two decades, however, changes in bank regulation and market structure—including the repeal of interstate banking restrictions and the emergence of nonbank financial service providers—have rendered bank antitrust analysis largely obsolete. As a result, regulators have rubber stamped recent bank mergers, despite evidence that such deals could harm consumers and destabilize financial markets.
Professor Kress's research asserts that contemporary bank merger analysis should instead emphasize statutory factors that regulators have long neglected: whether a proposed merger would increase systemic risks, enhance the public welfare, and strengthen the relevant institutions. Professor Kress's research urges regulators to modernize their approach, and it proposes a novel framework to ensure that bank merger oversight safeguards the financial system. The proposals contained herein have far-reaching implications not only for bank regulation but also for the ongoing debate over merger policy in technology, agriculture, and other industries.
Walter and Leonore Annenberg Auditorium, Gerald R. Ford School of Public Policy
Rich Cordray, founding director of the Consumer Financial Protection Bureau and Rohit Chopra, Commissioner on the Federal Trade Commission will keynote.
U. S. Department of the Treasury, Cash Room
Washington, DC
The U.S. Office of Financial Research and the University of Michigan’s Center on Finance, Law, and Policy will bring together regulators, policymakers, lawyers, economists, financial institutions, investors, financial technology companies, and experts on data science, cybersecurity, and finance.
Since 2015, we have hosted an annual large-scale conference with the U.S. Office of Financial Research to convene regulators, policymakers, journalists, and researchers from a wide variety of disciplines to present research on different topics impacting financial...
By combining finance, machine learning, and computational game theory with law and policy, University of Michigan faculty from the College of Engineering, the Ross School of Business, the Law School, and the Ford School of Public Policy are building new models for thinking about and detecting spoofing and other...
Jeffery Zhang presents his research, co-authored with Jeremy Kress, which argues that using the term “macroprudential” to describe modern financial regulation is a myth. February, 2023.