Course Description
601:629. Regulation of Financial Institutions (3)
Capital markets comprise banks, insurance companies, securities firms, and investment
companies. These markets have integrated rapidly since financial deregulation began in the
1980’s. The firms themselves have reorganized and consolidated, enabled in no small part by
technological advances in information processing. We will examine these firms and the agencies
charged with their oversight. Particular emphasis will be laid upon the shared structural features
of market participants, the implications of recent market failures, and the consequences of
uncoordinated allocation of regulatory responsibilities across several federal and state agencies.